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Purchase Money Security Interests

Increase Your Chance to Collect When You Sell on Credit. If you sell goods to customers on credit, then you have to worry about the credit risk posed by your customer. Sometimes that risk is the result of general problems in the economy and other times it’s something specific to a particular customer.

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Small Business Bankruptcy and Covid-19

The ongoing COVID-19 pandemic and the emergency orders and guidelines issued by Federal, State and local governments have had a particularly devastating impact on small businesses faced with declining revenue and a steady onslaught of bills. As these businesses begin the process of reopening, it could take some time before revenues get back to “normal.” In the meantime, businesses may not have sufficient cash or liquidity to pay all the old bills that accumulated during the downturn plus all the new bills that continue to become due on an ongoing basis.

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