However, the press is abound with stories of the dot-com shakeout.
The goods are delivered, but when the corporate check from your customer is presented, it is returned “NSF”. What could the vendor have done differently to avoid the “NSF” check?
The vendor may have used a check guarantee service.
Dot-coms, whether distributors or e-tailers, now proliferate the business community and provide a new opportunity for sales for vendors.
However, as headlines highlight, liquidation is a growth industry for dot-coms.
Articles from the Wall Street Journal: •Channels You Pay for---but Don't Watch---Are Dying •Avon Freshens Up In a Bid to Win Back Middle America •Embattled Uber Promises Changes in Corporate Culture •U.
Counsel to an individual in a series of complex proceedings relating to the enforcement of a foreign judgment, bankruptcy, and contempt of court.The vendor may have had the salesperson pick up the check from the buyer, present the check for payment, and if it clears, release the goods.The vendor could also have looked to an electronic method of check payments to speed the sale and ensure payment. Cite Terror Threat in Laptop, Tablet Ban on Some Flights •CKE Restaurants CEO Andy Puzder to Step Down •Trump's Low-Key Labor Pick Keeps Businesses Guessing •U. Trade Policy After Brexit Must Reckon With Gravity •China Has Risky Task in Rebalancing Economy •As Easy-Money Era Winds Down, Markets Bet on Growth •As Skills Shift for High-Paying Jobs, Women See Advantages •U. Subpoenas Top Shipping Companies in Price-Fixing Probe •China Ramps Up Charm Offensive With U. Business Leaders •Divisions on Trade Dominate Global Summit •U. The focus of the customer’s financial restructuring is commonly the bond and noteholder debt.The customer may offer equity in the restructured company in exchange for their debt.Unfortunately for the vendor, liquidation of a dot-com yields little or no dividend on the vendor’s unsecured claim.