Authors Discuss Strategies for Pre-Planning and Handling Financially Distressed Vendors - Ep. 209

ABI Deputy Executive Director Amy Quackenboss talks with Christopher A. Ward of Polsinelli (Wilmington, Del.) and Ryan G. Foley of Shook Hardy & Bacon, LLP (Philadelphia) about their new publication, Business Creditor's Guide to Distressed Vendors, Debt Collection and Bankruptcy. Ward, a member of ABI's Board of Directors, and Foley, a member of ABI's inaugural "40 Under 40" class, teamed up to write about options available to help screen a business's customers, plan for worst-case scenarios, and, if the situation does arrive, efficiently handle the financial fallout. The authors discuss strategies for business owners in the event that a major customer files for bankruptcy and leaves behind a large unpaid account receivable.