Who Gets Paid After Liquidation?

Customer bankruptcies are inevitable. But with a little preparation, credit managers can prevent a bankruptcy from becoming a major disruption to cash flow.Managing risk is a balancing act, but no matter how good you are at it, there will always be instances where the scale tips and the customer must liquidate its assets to settle its debts. A good credit manager knows how to prepare for this worst-case scenario by securing the best spot in the asset distribution line.The United States Courts…