Debt Recoveries

OCTOBER 18, 2020

Before taking out a loan, make sure to look for other options first, such as crowdfunding or startup incubators. Talk about the debt with the highest interest rate first. You are an expert in your field and similarly, there are great debt collection agencies that collect debts and are good at it, so use them.

Debt Recovery 98

Debt Recovery Startups Loans Debt collector 98

Nexa Collect

AUGUST 2, 2020

It takes startups about 2 to 3 years to become successful and 7-10 to become truly profitable. You don’t want to face a Chapter 7 bankruptcy filing where your assets are liquidated to pay off creditors. B2B enterprises are particularly vulnerable because losing one large client can deal a significant blow to the company.

Chapter 7 bankruptcy 130

Chapter 7 bankruptcy Bankruptcy Startups Creditors 130

UK debt collections

NOVEMBER 28, 2022

Dozens of SMEs, including startups, in the fmcg space have contacted The Grocer to complain of repeated late payment by H&B, putting pressure on already strained cashflows and stretching resources while chasing down invoices. In certain cases business debt recovery action will almost certain to have been necessary.

Retail 59

Retail Debt Recovery Trade Startups 59