Business Cash Flow Problems & Bankruptcy

There are many ways to reduce the amount of money flowing out of your business—and implementing just a few can make a big difference.

Communicating with clients who are headed for collections helps you get paid.

Even paying garden-variety bills late is almost always a poor approach, for all the reasons discussed below.

To prepare a cash flow statement, you'll use many of the same figures you use for a profit and loss forecast.

A profit and loss, or P&L, forecast is a projection of how much money you will bring in by selling products or services and how much profit you will make from these sales.

You've certainly hit on the biggest complaint of most freelancers: clients who won't pay up.

Find out whether Chapter 7 personal bankruptcy will wipe out your business debt.