article thumbnail

Does My Business Debt Need Restructuring?

CFO Share

Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding. Does your small business need debt restructuring? Finally his team finishes the project, but the customer sits on his invoice without paying it for a few months. . When should I restructure my business debt?

article thumbnail

Organizations Strategize Supplier Payments To Boost Cash Positions

PYMNTS

Despite widespread disruption in global supply chains, a new report from Medius indicates that supplier invoice and payment volumes have actually remained relatively stable this year compared to last. Its annual Payment Practices Barometer report found that across Asia, organizations are taking longer to pay their B2B invoices.

Invoicing 102
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Suppliers Left Hanging As Sears Rescue Attempt Progresses

PYMNTS

The corporate restructuring of struggling retailer Sears continues, with hedge fund owner Edward Lampert reaching a deal this week to combine Sears Hometown with Sears and Kmart. million in unpaid invoices with Chan’s company, Mien Co. The news outlet said the unpaid invoices with Mien were for goods already shipped to Sears.

article thumbnail

B2B Payment Terms Take A Hit From COVID-19

PYMNTS

billion) in unpaid invoices is due to U.K. BusinessLive cited these figures in its recent reports of insolvency and restructuring rate body R3, which is speaking out in favor of government efforts to combat the late payments challenge. billion (about $30.8

B2B 70
article thumbnail

TAP Financial Forms Subsidiary For Supply Chain Funding

PYMNTS

According to the announcement, TAP Financial Partners serves a chosen collection of small and medium-sized enterprises (SMEs) with consulting, restructuring, debt and equity fundraising services, and up-listing guidance. For that reason, trade finance will be a key part of the international recovery calculus.

B2B 40
article thumbnail

GM, Ford Speed Up Payments To Small Suppliers Hurt By Shutdowns

PYMNTS

Under the deal, a supplier gets an earlier payment from Wells Fargo for the full invoice, after paying a financing fee. It is not a silver bullet,” Scott Eisenberg, partner at Amherst Partners, a Michigan-based restructuring advisory firm, told Reuters. They now use it as a way to support suppliers during the pandemic.

article thumbnail

U.K. Alt-Lender DueCourse Falls Into Administration

PYMNTS

Recent reports said DueCourse , which operates as an invoice financing platform, began working with administrators Leonard Curtis this month. We have decided to close one of the companies in the group as part of a planned restructure,” he told UKTN. Customers haven’t been affected.”.