To Supply or Not Supply Goods: Credit Risks and Remedies in Uncertain Times
Bankruptcy, Restructuring and Creditors' Rights Partners John Monaghan and Lynne Xerras co-authored an article for Business Credit discussing important considerations for suppliers when making supply and credit decisions. The COVID-19 pandemic has significantly affected the underwriting analysis typically involved in weighing the benefits of extending credit to a customer against the risk that said customer will fail to pay for the goods or services supplied. Mr. Monaghan and Ms. Xerras answer questions surrounding a supplier's obligation to ship products, Uniform Commercial Code remedies prior to default, remedies after a payment default and termination, and company rights if a customer files for bankruptcy.
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