Steps to Handle Customer Bankruptcy or Insolvency in Asia and Latin America

It’s every credit manager’s nightmare: a declaration of bankruptcy or insolvency by one of your company’s major customers. However, when the customer declaring bankruptcy is in another country, the risk and challenge increases even more, and global business bankruptcies in many developed economies now exceed even those in the United States. Given these realities, it’s no wonder that an FCIB International Credit Executives (ICE) conference devoted a full session to the risks and challenges of…