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Should you DIP-ship?

Credit managers are called upon more and more frequently these days to decide whether or not to extend credit to a debtor in possession, a company that has filed for protection under Chapter 11 of the U.S. Bankruptcy Code. Failing to adequately evaluate this credit risk can result in a creditor unwittingly shipping goods to a bankrupt debtor who cannot possibly pay for the goods or services received after the commencement of its bankruptcy. There are many important issues to consider when deciding to provide credit to a Chapter 11 debtor. To learn more about these issues, join NACM for its September 22 Audio Teleconference on Debtor in Possession (DIP). For more information, visit www.nacm.org or call the NACM Meetings Department at 410.740.5560.

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Title Annotation:the scoop
Publication:Business Credit
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2003
Words:128
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