If you’ve received a notice from the U.S. Bankruptcy Court indicating that one of your debtors has filed for bankruptcy, you may be confused about how to respond. Well, it depends upon the type of bankruptcy filed.
Any supplier of trade credit naturally assumes a certain amount of risk. With commercial debt, balances are higher and so are the risks. Some potential warning signs may simply be the result of a misunderstanding. But they could also be a red flag for a possible (and expensive) bad debt. Make sure your company is credit-savvy by recognizing the following six early warning signs.
