CHAPTER 18 - CREDIT, COLLECTIONS, AND BANKRUPTCY

Bad checks, bad debts, and bankruptcies are on the rise. Collecting debts may be almost impossible if you don’t take the necessary precautions. On the other side of the coin, knowing your credit rights, where to obtain financing, and what collateral to use will increase your chances of obtaining a loan. Because many small business people often use their personal credit to get their operation off the ground, this chapter also will discuss consumer credit concerns.