If my company is facing bankruptcy, is factoring still an option?
It could be the only option. However some funding sources will only consider purchasing receivables under US Chapter 11 Bankruptcy protection i.e. where there is a reasonable prospect of the company emerging from bankruptcy and continuing as a viable operation. This will involve negotiations with creditors about debt restructuring.
© 2006 Sanjeev Aaron Williams & Cashwerks All Rights Reserved
It could be the only option. However some funding sources will only consider purchasing receivables under US Chapter 11 Bankruptcy protection i.e. where there is a reasonable prospect of the company emerging from bankruptcy and continuing as a viable operation. This will involve negotiations with creditors about debt restructuring.
© 2006 Sanjeev Aaron Williams & Cashwerks All Rights Reserved
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