With the economy in the tank, it's no surprise that the number of bankruptcies—both personal and business—is soaring. As a small-business owner, even assuming you're not in danger of going bankrupt yourself, you can end up with some tricky decisions to make if your customers, suppliers, or other business counterparts go under.
The first thing to keep in mind if a business relation goes out of business is that there are a lot of different ways it can happen...
By: Jonathan Weber, Founder, publisher, and CEO of New West