The impending wave of corona bankruptcies is also increasingly endangering healthy companies. This is the conclusion reached by Intrum, based in Schwerzenbach ZH, specializing in debt collection services and credit reports.
Because: With the forecast increase in bankruptcies, the risk for companies of no longer being paid for services that they have already provided increases. That is when their business partners file for bankruptcy, writes Intrum in a message.
Financial health of business partners
In order to prevent such defaults as well as possible, companies must weigh the credit risk of their business partners – if possible before signing a contract. Especially in times like the Corona crisis, it is difficult to know what the current financial health of business partners is like.
In view of the increase in bankruptcies expected in the next few months, quite a few companies are likely to be quite concerned about these questions. Because: Corona has increased the risks for many companies – and not only for those industries affected by temporary closings – to a size that threatens their existence, it is said.
Flourishing companies are not spared
[ source link ]
Corona bankruptcy wave pulls healthy companies misery