Bankruptcy Is Not An Option

December 3, 2008 at 7:06 pm 1 comment

Bankruptcy protection is a uniquely American construct.   In most countries if a business goes backrupt, the workers go home and the doors close.  End of story.   The American bankruptcy process gives failing enterprises an opportunity to retrench, re-tool debt and other obligations, and re-emerge as viable entities.  

But the New York Times recently wrote that corporate bankruptcy is not the option it once was.  According to the Times, for bankruptcy to work, the failing business needs credit to bridge from the bankruptcy moment to success.   That credit comes from banks and other lending institutions.   If banks continue to tighten the credit offerings to even the most solid borrowers, banks certainly aren’t loaning to the bankrupt.

The implication for businesses today is that a supplier going bankrupt today is more likely to cease operations — not just slow down or keep flying like the airlines have.   For the buyer, it means looking into your suppliers financials is more important than ever.

Entry filed under: vendor management. Tags: .

Katie, Bar the Door Fee or Free

1 Comment Add your own

  • 1. Reviews â�� The Miracle Cure  |  March 21, 2014 at 2:31 am

    They do exist, and have been proven to work for some people.
    But I bought the product anyway and used it faithfully every night for
    a month until it ran out. You can easily find websites that claims
    that Gynexin is the miracle cure to get rid of man boobs, but if you do your research well, you can easily tell that these websites are only trying to sell you the product and that they
    don’t have real evidence that this product works.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

Upcoming Events

Sign up for Vendormate News

2013 Vendor Credentialing Summit
August 14 - 15, 2013

July 28-31, 2013
San Diego, CA
Booth 1121

Recent Posts

Archived Posts

Vendormate on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.