How to Spot a Bankruptcy Sooner Than Later
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Learn how to identify the early signs of bankruptcy and implement tactics to mitigate risk and exposure to bad debt loss.This topic will benefit anyone who manages the Accounts Receivable asset and its risk of bad debt and delinquency loss. Credit control teams are continuously asked to deliver improved results with the same or reduced resources. The marketplace has seen a proliferation of private financing tools which can increase customers' leverage and subordinate unsecured creditors' claims. Completing this session will enable managers to focus their limited credit resources in the most efficient and effective way. This methodology is designed for business customers (vs. consumer). It is relatively easy to implement without major help from information technology and analytics. It may require a low level investment in subscribing to credit bureaus and other sources. It can be a self-driven quick to medium term win for any credit department. Gain the knowledge to design and implement an improved credit risk management process, and better protect yourself from unexpected bankruptcy loss.
AuthorsJohn G. Salek, Revenue Management Associates, LLC
Current Bankruptcy Landscape: Bankruptcy as a Financing Tool
Techniques to Identify an Impending Bankruptcy
Tactics to Mitigate Risk and Exposure to Bad Debt Loss
Top 10 Warning Signs of an Impending Bankruptcy