Recognizing—and if Warranted, Helping—a Customer in Financial Distress: Part 1

In an economy that has still not fully recovered from the worst financial crisis since the Great Depression, credit and AR professionals continue to face challenges in identifying customers that are experiencing financial distress—and in responding proactively to that information to protect their own companies. While business bankruptcy rates have fallen recently, the past decade’s trend (accelerated by the 2008-2009 crisis) toward otherwise reasonably healthy companies using bankruptcy as a…