It is an unfortunate reality that your business can be
severely affected when one of your customers become insolvent.
Special Counsel Catherine Ballantyne outlines some strategies for
minimising your exposure to risk in such
circumstances.
It is an unfortunate reality that your business can be severely
affected when one of your customers become insolvent. It can be
financially crippling on your business and emotionally stressful
for you. Although you cannot control the financial viability of
your customers, there are a few strategies you can implement to
minimise your exposure when your customer is in financial
distress.
In the beginning
It is important at the start of a new business relationship that
you implement some strategies which can minimise your exposure if
your customer is insolvent:
