[ad_1]
The looming wave of crown bankruptcies is also increasingly putting healthy companies in jeopardy. This is the conclusion reached by Intrum, based in Schwerzenbach ZH, specializing in debt collection and credit reporting services.
Because: With the projected increase in bankruptcies, the risk that companies will stop charging for services they have already provided increases. That’s when your business partners go bankrupt, Intrum writes in a message.
Financial health of business partners
To best avoid these defaults, companies should weigh the credit risk of their business partners, if possible, before signing a contract. Especially in times like the Corona crisis, it is difficult to know what the current financial health of trading partners is like.
In light of the expected increase in bankruptcies in the coming months, some companies are likely to be quite concerned about these issues. Because: Corona has increased risks for many companies, and not just those industries affected by temporary shutdowns, to a size that threatens existence, it is said.
Flourishing companies don’t get away
Even successful companies with full order books are affected. They also pay the risk that they will not be paid for their services or that they will be paid too late, and therefore run into a liquidity constraint. These are really bleak prospects in already tough times. (pbe)
