Remove Asset liquidation Remove Collections Remove Debt Management
article thumbnail

Understanding the Acid Test: A Critical Financial Metric for Business Success

Burt and Associates

Optimize Accounts Receivable: Regularly review outstanding invoices and implement collection strategies for overdue accounts. Sell Non-Essential Assets: Liquidate surplus or underutilized assets to generate immediate cash flow. But even with the best strategies, challenges can arise. Click below to learn more!

article thumbnail

Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

Quick Summary: Healthcare-related debts such as medical bills become dischargeable through bankruptcy (Chapter 7 and 13). But it can involve asset liquidation, and the discharge is independent of such sales. Chapter 13 entails a three to five-year repayment plan for gradual medical debt payment.