![]() Trade credit insurance protects suppliers against non-payment due to insolvency and slow-pay. The loss would have had a significant impact on the equity in their business. One supplier, using credit insurance as part of a comprehensive credit risk mitigation strategy, was very thankful that they had a policy in place. It remains to be determined how much, if any, they will recover through the re-organization process. The Schedule F includes a number of large, sophisticated companies extending significant credit to Vital Pharmaceuticals. Suppliers would have needed to be aware of the status of the lawsuits and the size of the potential jury awards while also reducing credit terms to avoid a loss. There wasn’t any indication, even in late September, that they would file for bankruptcy protection in early October. Vital Pharmaceuticals was a growing company in the expanding energy drink sector. The three largest unsecured creditors were:
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