While the recent Bankruptcy Code amendments allow small business debtors to extend their deferral of lease obligations beyond the first 60 days of the bankruptcy case, the amendments raise and leave ...
Almost 115,000 businesses waited an average of 57 days for payment last year, according to research by North West insolvency expert Begbies Traynor. It said of these firms awaiting payment, 1,000 ...
A measure of how long it takes a company to collect the money is owed for the goods or services it has sold. It is calculated by dividing the cumulative amount of accounts receivable by sales and ...
As small companies are squeezed to near bankruptcy with increasing late payment, offering finance could be the answer, writes Phillip White A front page story of CRN earlier this year came as a bit of ...