When you hear about a customer entering bankruptcy, the best way to protect your interests is to react quickly. Here are a number of common steps that may limit your financial exposure. If you're like most business people in this challenging economy, you're watching I expenses more closely than ever. That kind of prudence is praiseworthy-but are your customers doing the same thing? If not, and if one of them files for bankruptcy protection, your own company could get a financial drubbing. Business insolvency has become a front burner concern in the wake of recent news headlines. Everyone has heard about WorldCom, with over 103 billion dollars in as sets, filing the largest bankruptcy in history last year [in 2002]. Other recent headline makers were Enron, Global Crossing, K Mart, and US Airways.
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