article thumbnail

Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

Collectors are continually learning what works to get people to pay up and what doesn’t. As the philosopher George Santayana observed, “Those who cannot remember the past are condemned to repeat it.” ” (Photo by Devon MacKay on Unsplash ) This applies to credit and collections as well as anything else.

article thumbnail

Understanding Debts in Bangladesh: A Guide to Credit Management (????????? ?? ?????? ??????)

MNS Credit Management Group

Since 2005, Bangladesh has consistently experienced yearly GDP growth of over 6%, except for 2020, when the economy slowed due to the COVID-19 outbreak. Fully Licensed And Ethical Operations In Bangladesh Most of the time, Bangladeshi law requires debt collectors to get some sort of licence.