Comments on: 5 Ways to Protect Yourself from Bankrupt Clients http://www.businesspundit.com/5-ways-to-protect-yourself-from-bankrupt-clients/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Jared Lyda http://www.businesspundit.com/5-ways-to-protect-yourself-from-bankrupt-clients/comment-page-1/#comment-11430 Jared Lyda Thu, 18 Dec 2008 05:01:07 +0000 http://www.businesspundit.com/?p=6989#comment-11430 Great resource! Good easy to apply steps. Your writing style is short, easy to process, and relevant! Thanks! Jared Lyda www.fireandmotionblog.com Great resource! Good easy to apply steps. Your writing style is short, easy to process, and relevant! Thanks!

Jared Lyda
http://www.fireandmotionblog.com

]]> By: Jan Simposn http://www.businesspundit.com/5-ways-to-protect-yourself-from-bankrupt-clients/comment-page-1/#comment-11425 Jan Simposn Thu, 18 Dec 2008 01:18:57 +0000 http://www.businesspundit.com/?p=6989#comment-11425 Nice posts - however bankruptcy can happen at anytime to anyone or company. Yes knowing the legalease would be great - and helpful. However, if your speciality is in that industry you normally know what is going on with the company. Calling daily isn't going to help. If they have the monies - they will pay at some point. I would go in person - and I would stop all work until I got paid. If this is product - well you need to ensure that nothing gets installed until payment is received. My attitude is, I am nnot a collection agency, I am expensive, the companies I do business for expect payment when they perform a service or sell a product - so do I - I don't work for free - and I don't extend credit - to anyone. My work is superior and gets results - so pay in advance or go somewhere else - Don't play with your business by extending credit - you are not a bank - and neither are they - if they can't pay - tell them to save their monies - you aren't passing up a client - you are passing up heartache. Just my humble opinion. Jan Nice posts – however bankruptcy can happen at anytime to anyone or company. Yes knowing the legalease would be great – and helpful. However, if your speciality is in that industry you normally know what is going on with the company.

Calling daily isn’t going to help. If they have the monies – they will pay at some point. I would go in person – and I would stop all work until I got paid. If this is product – well you need to ensure that nothing gets installed until payment is received. My attitude is, I am nnot a collection agency, I am expensive, the companies I do business for expect payment when they perform a service or sell a product – so do I –

I don’t work for free – and I don’t extend credit – to anyone. My work is superior and gets results – so pay in advance or go somewhere else –

Don’t play with your business by extending credit – you are not a bank – and neither are they – if they can’t pay – tell them to save their monies – you aren’t passing up a client – you are passing up heartache.

Just my humble opinion.

Jan

]]> By: Drea http://www.businesspundit.com/5-ways-to-protect-yourself-from-bankrupt-clients/comment-page-1/#comment-11419 Drea Wed, 17 Dec 2008 23:14:23 +0000 http://www.businesspundit.com/?p=6989#comment-11419 Dean--Oops, you got it. I did mean receivable. I believe I wrote this post with credit card debt on the brain. Thanks for pointing that out. Dean–Oops, you got it. I did mean receivable. I believe I wrote this post with credit card debt on the brain. Thanks for pointing that out.

]]> By: Dean http://www.businesspundit.com/5-ways-to-protect-yourself-from-bankrupt-clients/comment-page-1/#comment-11418 Dean Wed, 17 Dec 2008 22:57:35 +0000 http://www.businesspundit.com/?p=6989#comment-11418 "2. Watch your accounts payable like a hawk" ... don't you mean accounts receivable? Not that you shouldn't watch your payables too. “2. Watch your accounts payable like a hawk” … don’t you mean accounts receivable? Not that you shouldn’t watch your payables too.

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