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Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

APRIL 23, 2024

Collectors are continually learning what works to get people to pay up and what doesn’t. Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. operations and the closure of its stores in 2018. That’s what this article explores. Hertz Global Holdings Inc.

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Navigating The Debt Collection Landscape In Indonesia

MNS Credit Management Group

MAY 25, 2023

If a debtor does not pay his lawful debt, then he is construed as defaulting or being negligent in fulfilling his lawful obligations. This imposes certain obligations on the creditor to recover the debt. Firstly, the creditor must send a warning letter or reprimand (simas) to the debtor in accordance with Article 1238 of the civil code.

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