Covering Business Credit

Credit Questions and Answers
Business Credit and Collections
Commercial Credit Management

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Doctor Credit

A customer filed for bankruptcy protection. We have the personal guaranty of the owner. Do we need to wait for the bankruptcy to be finalized before pursuing payment from the business owner personally?

Answer: No. We suggest on of the first steps in a bankruptcy checklist would be to send a demand for immediate payment against a personal or inter-corporate guaranty.

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