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MemberJuly 30, 2020 at 7:51 am
“But I think this will be because as the furlough cushion disappears, companies chasing their debts push companies under and Phoenix companies appearing all over the place.”
Yes, this is going to be very common, in my area I’m already aware of a couple of companies that will ‘Phoenix’ soon as they have to start repaying the loan back………
We’re being VERY strict with payments & credit accounts, no more 30days, limited to 5days for top customers, rest is payment first.