Every organization is seeking to increase cash flow and reduce risk from nonpayment. Collecting cash on a timely basis from customers can be challenging for many manufacturers, particularly if their customers are experiencing financial difficulty.

In a Parker Poe webinar, Chip Ford provided practical guidance for detecting early signs of customers experiencing financial distress, both in and out of bankruptcy. He also discussed how legal professionals and other business leaders can deal with customers in those situations. His presentation addressed:

• Warning signs of distress
• Risk mitigation strategies
• First steps in bankruptcy
• Bankruptcy next steps

You can view the slides from their presentation here.