Outstanding invoice from a freelancer will typically be thrown in with the unsecured debts. Most bankrupt tech companies have no assets.
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This counsels selectivity in engaging clients: you only work with firms who look outwardly healthy, and you terminate clients who aren't.
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@patio11 "Minimize time and amount that goes unpaid, potentially including common practices such as billing 50% up front" -
@patio11 "Don't specialize in target customer niches which are cash-starved with high frequency such as unfunded pre-revenue businesses" - 1 more reply
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