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Embattled EV maker Nikola files for Chapter 11 bankruptcy protection

Collection Industry News

an auto startup that was once a favorite of Wall Street analysts and retail investors filed for bankruptcy protection after failing to secure a buyer or raise additional funds to maintain operations. The post Embattled EV maker Nikola files for Chapter 11 bankruptcy protection appeared first on Collection Industry News.

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6 Tips on How to Budget Your Small Business

Credit Corp

Only with a strong budget, entrepreneurs can hope for the following: Minimizing bankruptcy risks Avoid problems with suppliers Have an effective entry into new markets. Here are a few nuances that are also important: Startups and aspiring entrepreneurs should check industry standards before making their budgets.

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Dudley Resources – Your Funding Source for Debtor Payments and Settlements

Collection Industry News

For instance, Company X, a manufacturing firm, found itself facing financial difficulties when one of its major clients filed for bankruptcy, leaving them with a substantial amount of unsold machinery and equipment. A prime example is Retailer Y, which accumulated surplus inventory due to overestimating demand for certain products.

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