This is good advice especially in tough economic times. A company may have a prestigious sounding name and beautiful facilities, but check them out before they get too far into your financial hide. They may have leased the fancy premises, vehicles and furniture and have no assets; so even a mechanic's lien will do no good in collecting past due accounts.
Be careful of existing prompt-paying customers, too. If they become slow in settling up their account or complain about service to delay the payment of the account, take heed. A request for the reissue of an invoice may be an indicator that they are in financial trouble, and you may wind up on a list of creditors when bankruptcy is filed.
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