In brief
The bankruptcy application of your debtor, who is seriously negligent to pay you on time, is in practice an extremely effective means of collection that is often used to still have business debtors pay.
In detail…
The bankruptcy application of your debtor who is seriously negligent to pay you on time, is in practice an extremely effective means of collection that is often used to still have business debtors pay.
The strategy of this is not to actually declare your debtor bankrupt, but to put ultimate pressure and thus still secure payment. Most debtors naturally want to prevent the bankruptcy from being actually pronounced and make every effort to still pay your claim. Starting bankruptcy proceedings from a debtor is therefore an effective means of enforcing payment.
Therefore please contact us directly if you are considering a bankruptcy petition and want to submit it to us.
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