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Business Insolvency | How to Deal with your Banker
Business Insolvency and the Banker Relationship. Business insolvency occurs when your firm defaults on its secured debt. When this happens, your secured lender, usually your banker, will swoop in to rescue your company by installing his own manager for the firm. You need to avoid business insolvency at all costs if there is even a glimmer of hope that you and your management team can turnaround your firm.
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