0%

Anticipate Bankruptcies Sooner Than Later

add your own event

Please note that events are moderated so there may be a delay between you posting it and your event being live on the site.

Loading Events

« All Events

  • This event has passed.

Anticipate Bankruptcies Sooner Than Later

13 January |1:00 pm - 2:00 pm EST

Webinar Date: January 13, 2021
Time: 01:00 PM EDT | 10.00 AM PDT

Key Take-Away:
As economic and industry challenges emerge, customers with high debt levels and weak performance are at a greater risk of failure and filing bankruptcy. Often these bankruptcy filings are sudden with few advance warning signs. The Covid 19 economy has substantially increased the likelihood of customer bankruptcies.

Overview:
In a recent survey conducted by The Accounts Receivable Network, 58% of Credit Managers say they have been surprised by a customer’s bankruptcy filing in the past year.

Although Credit departments have always managed risk exposure, the speed of bankruptcy filing has accelerated greatly in past years. Whereas in the past, a creditor would receive a number of warning signs (increasingly past due payments, declining credit ratings, operating losses, shrinking of cash reserves, exhausting lines of credit, etc.), from a deteriorating customer, that is no longer the case in many instances. We have observed customers who are moderately past due in their payments to a supplier file bankruptcy. This catches their suppliers by surprise, resulting in higher bad debt loss.

Areas Covered in the Session:
•  Current bankruptcy landscape: bankruptcy as a financing tool
•  Techniques to identify an impending bankruptcy
•  Tactics to mitigate risk & exposure to bad debt loss
•  Top 10 Warning Signs of an Impending bankruptcy

Speaker: John G Salek
John Salek is President of Revenue Management Associates, an Accounts Receivable & Order to Cash consulting company. He is a highly experienced financial professional with proven performance in the Order to Cash process including order and contract processing, billing, dispute management, credit control, collections, and cash application. John has worked in a broad range of industries with over 250 clients.

Tags: , , , , , , , , , , , , , , , , , , ,

Details

Date:
13 January
Time:
1:00 pm - 2:00 pm EST
Event Category:
Website:
https://bit.ly/3s9U1Ls

Organiser

GlobalWizdom
Phone:
866-896-1646
Email:
support@globalwizdom.com
Website:
https://globalwizdom.com

Venue

Online Webinar
Ijona Skills,364 E Main Street, Suite 1009
Middletown, DE 19709 United States
+ Google Map
Phone:
13028303132
Website:
https://www.ijonaskills.us/webinarDetails?webinarid=596&speakerid=58&domain=4&source=EFS_LN_CH

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close