According to SP Global, the number of US corporations declaring bankruptcy is on pace to reach a 10-year high and will peak at about 21,000 in 2023.
Your business is well-capitalized and prudently run. The main source of your cash flows is your consumer base. But what if a major customer of yours files for bankruptcy?
This makes you, as an unsecured creditor, vulnerable to significant past-due amounts, potential write-offs, and having no other option. With these challenges ahead, what steps are you taking to protect your unsecured credit in 2023?
Here's a UCC filing and lien skill assessment to help you and your business put your business in a safe position.
Score more than 70% to earn a certificate.
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