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Try to limit outstanding accounts receivable to no more than 10 to 15 days beyond your credit terms
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While a comprehensive collection process greatly improves your cash flow, your ability to penetrate new markets and to develop a broader customer base hinges on the ability to quickly and easily make well informed credit decisions and, to set appropriate lines of credit
This cash collateral is then used to discharge part of the outstanding indebtedness, leaving the court to address the disposition of any remaining credit balance
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