Collect Your Receivables - Business Bankruptcy Filings up 49 Percent!
Commercial Litigation 2008/12/16 22:18According to a story in the December 15, 2008 Chicago Law Bulletin, the Adminsitrative Office of the U.S. Courts reported that 38,651 businesses filed bankruptcy
petitions in the year ending Sept. 30 compared to 25,925 petitions brought in fiscal year 2007. There were 2,722 business bankruptcies filed in the 7th Circuit (which
covers Illinois, Indiana, and Wisconsin).
Now more than ever small business owners need to control costs and keep a close watch on collections of accounts receivable. In this economy it doesn't take long
for a minor cashflow issue to turn into a serious crisis when your customers are not paying you.
At The Roth Law Group, we understand the challenges faced by small businesses. Let us help you with your collection issues. Contact us at 877-419-9599 for a free
consultation.
