Chapter 11 bankruptcy filings have tripled since the first quarter of 2006, and the near future doesn’t promise to get appreciably better.
Consequently, even companies with the resources to get through the current economic crisis should take steps to protect themselves against lost revenues when their customers do not fare as well. Such proactive measures to manage and even reduce credit risk assure that your company will emerge from the current recession as strong, if not stronger, than before.
