What to Do When a Customer Files for Bankruptcy

Date: October 2, 2014

The attached article was originally published in Strategic Finance magazine, and is reprinted here with permission.

If you've been working as a management accountant or finance professional in the past five years, it's a safe bet that you've encountered the bankruptcy process in some fashion. Bankruptcy isn't only intimidating to the company going through it (the debtor) but to anyone who continues to do business with an entity in bankruptcy or is otherwise involved in the bankruptcy process.