How to recognise an insolvent customer?
It is probably hard to find a business that has never had any debtors. The experience of entrepreneurs is different. Some succeed in recovering their debt without greater inconvenience (e.g. by sending a reminder), others fail to do so without court intervention. The third, and the saddest case, is the debtor’s bankruptcy, which usually means that the debt will not be recovered.
What should be done with late payments and how to identify related risks? These and other issues relevant to entrepreneurs will be discussed in this blog.
Read more: https://metidalawfirm.wordpress.com/2017/07/05/how-to-recognise-an-insolvent-customer/