In these economically unstable times, companies are increasingly experiencing problems with customers who make payments to them and then file bankruptcy. If a customer pays your company and then files a bankruptcy petition within 90 days of making the payment, the customer’s bankruptcy trustee may demand that you return the payment to him. A payment made by a debtor within 90 days before he files bankruptcy is called a preference.
Knowing Your Customer Makes Collections Easier
February 23, 2009 Elizabeth Weber
Unless your company operates on a strictly cash basis, you have accounts receivable. What most companies do not understand is
How to Improve Collection of Accounts Receivable
January 11, 2008 Elizabeth Weber
Unless your company operates on a strictly cash basis, you have accounts receivable. What most companies do not understand is
