Signs Your Client is Going Bankrupt Soon
Nexa Collect
AUGUST 2, 2020
The loss does not mean the future business, but if they file for bankruptcy, then even the current outstanding AR may turn into a complete loss. It takes startups about 2 to 3 years to become successful and 7-10 to become truly profitable. The next step is often filing a Petition for Chapter 11 bankruptcy protection.
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