Payment Priorities

2015-12-18T12:12:53-06:00October 29th, 2015|Tags: |

Many entrepreneurs call me for counsel when their business is struggling financially. It’s not uncommon that their suppliers have gone unpaid for months. When they do finally receive some cash, it becomes very challenging to determine who to pay first. Instead of paying each bill according to the due date, many will show favoritism to the creditors they need the ...