Bankruptcy

Subchapter V: A silver lining for small businesses mulling bankruptcy

(CARES ACT), COVID-19, Small Business, Small Businesses Administration, The Small Business Reorganization Act / Douglas Freeman

Many small businesses continue to struggle in the wake of the coronavirus (COVID-19) pandemic. Some have already closed their doors and are liquidating assets. Others, however, may have a relatively less onerous option: bankruptcy. Although bankruptcy obviously isn’t an optimal outcome for any small company, there may be a silver lining: A new bankruptcy law […]

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How to research a business customer’s creditworthiness

Business Credit, Small Business / Douglas Freeman

Extending credit to business customers can be an effective way to build goodwill and nurture long-term buyers. But if you extend customer credit, it also brings sizable financial risk to your business, as cash flow could grind to a halt if these customers don’t make their payments. Even worse, they could declare bankruptcy and bow

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