Let’s say you own a business that provides some type of service for a large company (you clean their offices, you cater their lunches, or whatever else you can imagine). Let’s say this particular customer spends $3000 a month with your company, and they have 30-45 days to pay. Suddenly, they get a little behind and after running the tab up to $4500, they file bankruptcy. Your immediate reaction might be, “Owe crap, I am out $4500.” The reality is, there is a good chance you will get paid at least something; you may not even have to wait that long.
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AuthorJoshua Nahas Archives
May 2017
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