Every organization is seeking the increase cash flow and reduce risk from nonpayment. Collecting cash on a timely basis from customers can be challenging for many manufacturers, particularly if your customers are experiencing financial difficulty. Parker Poe’s team of bankruptcy and creditors’ rights attorneys provided practical guidance for detecting early signs of customers experiencing financial distress (both in and out of bankruptcy) and how legal professionals and other business leaders should deal with them. Chip Ford and Phillip Fajgenbaum of Parker Poe and Kasel Knight of Milliken & Company presented to the Association of Corporate Counsel South Carolina Chapter on February 9, 2023, with insights on:

• Warning signs of distress
• Risk mitigation strategies
• First steps in bankruptcy
• Bankruptcy next steps

You can view the slides here.