Financial Poise

Articles tagged: Business Bankruptcy

a banknote in jail, a symbol of distressed companies

Can Seeking Help from the Lender Fix Distressed Companies’ Woes?

Turnaround Financing: How to Secure a Borrower Recently, bad practices caused a client’s accounts receivable to get extended well past 90 days. In fact, the client had 20% of its receivables dated further back than 120 days. Company staff knew that much of that would prove to be uncollectible, but no one really knew the […]

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