Running into financial difficulties
Your company may sometimes run into payment difficulties, face a financing crisis or become insolvent. If your company is unable to pay its invoices despite receiving reminders, it will receive a payment default entry. However, you can overcome financial difficulties when you take action as soon as possible.
See contents related to the topic:
Recovering from payment difficulties and a financing crisis
It is possible to recover from payment difficulties and a financing crisis. When you take action without delay, the situation will not get too bad.
A company's insolvency
Your company is insolvent if it cannot pay its debts on time and the situation will not change in the near future. Seek help before it is too late.