Posts tagged "Business Law"

What are your rights when a customer files bankruptcy?

When a customer who owes your business a substantial amount of money files for bankruptcy, you have a tough choice to make. Do you pursue the debt into bankruptcy or do you chalk off the money owed as a loss? Too many business owners chalk the money up as a loss, fearing that going through the collection proceedings will expend even more resources they may or may not have. However, this may not be the best decision for you. FindLaw details what you can do if your North Carolina business decides to pursue a customer's debt through bankruptcy.

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