Left to right: Andrew Kassner and Joseph Argentina of Faegre Drinker Biddle & Reath Preference Payments Made Per Historical Practice Still Not Ordinary
Certain sectors and businesses undoubtedly will experience distress, and doing business with distressed customers always brings the risk of nonpayment.
February 28, 2022 at 12:25 PM
9 minute read
It is impossible to predict whether supply chain disruptions caused by the COVID pandemic, increased interest rates, market volatility, changes in workforce trends, inflationary pressures, and geopolitical upheaval will lead to a recession and wave of bankruptcies. Regardless, certain sectors and businesses undoubtedly will experience distress, and doing business with distressed customers always brings the risk of nonpayment.
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