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Due Diligence Doesn't End with the Credit Application

Your Virtual Credit Manager

Among other things, commercial bankruptcies have been steadily climbing over the past year. If the European parent company defaulted, the North American subsidiary would be pulled into bankruptcy even though its operations were profitable. For most companies, accounts receivable (AR) is one of the two largest assets on their books.

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Are There Hidden Risks in Your AR Portfolio?

Your Virtual Credit Manager

Meanwhile, the number of commercial bankruptcies is accelerating. In February, Epiq Bankruptcy reported that commercial Chapter 11 bankruptcy filings climbed 118 percent year-over-year. For most companies, AR is one of the two largest assets on their books. New and small businesses, moreover, have high failure rates.