Factoring expert witnesses are sought out for cases involving business-related finance, as the term refers to the act of a business hiring a financial company to take responsibility for its accounts receivable sums. By selling the accounts receivable, otherwise known as invoice, to another company, which is called the “factor” in this particular exchange, certain financial needs may be fulfilled in a more convenient and timely fashion. Factoring expert consulting may be required for litigation involving the financial practices utilized for this type of particular exchange.
Factoring expert witnesses are often experienced with numerous financial areas, including credit, lending, contract negotiations, financial statement analysis, investments, sales, banking, purchase order financing, bankruptcy, interest rates, savings and loans, lost profits, commercial loans, asset management and allocation, and other accounting systems and procedures. Contracts between businesses are often major aspects of financial exchanges, including those of factoring. Factoring expert witnesses are also experienced with the regulatory procedures involved with such contracts, as well as the standards of conduct expected of each participating party in the financial exchange. Like other agreements based in financial law, a breach of contract may result in factoring-related lawsuits. Factoring expert witnesses are skilled with many types of loans, including construction loans, equipment leasing, interest rates, good faith, and other topics related to the field of finance.
ForensisGroup understands the complex nature of financial litigation and will work to provide the right expert for each lawsuit. Call us today for more information or submit an expert request form to connect with the right factoring expert witness.