How Another Business Going Bankrupt Can Affect You

Your business is humming along when one day you get the news that a key supplier — or perhaps one of your biggest customers — has filed for bankruptcy. You’re just a bystander in all of this courtroom drama. How could it affect you? If you’re lucky, your supplier has delivered your most recent order and doesn’t owe you anything. You only need to find a new vendor to take its place.Or, if it’s your customer, you can be thankful if they’ve paid your last bill in full and carry a zero balance on your books. You simply need to figure