"Finances" Posts

“…you can make a preference claim into a better situation by knowing the options and keeping and reviewing your invoicing and payment records.”

Bankruptcy! It is a word that elicits fear, disgust, and even embarrassment to most business owners. Bankruptcy court is the last place the business owner wants to be, but what about the owner that gets unwillingly drawn into another business owner’s bankruptcy proceeding? It is especially troublesome if the last few payments were received prior to the other business owner’s filing for bankruptcy and the invoices were for valid goods or services and were due and owing. …