United States of America collection profile

usa-bnr

 

Collecting in USA

  • The payment culture of domestic companies is becoming increasingly uncertain and, in the absence of a harmonized framework on late payments, payment terms remain a mere contractual issue, while the average DSO tends to be high.

  • The court system is complicated by a county, state and federal structure in which protection mechanisms are not recognized and where no simplified proceedings are available to settle the simplest files. As a result, significant delays and costs must be expected while enforcement may be difficult.

  • When the debtor becomes insolvent, collecting debt becomes a complex task. The bankruptcy system remains pro debtor and making a company insolvent is not a significant way to obtain payment. In practice, bankruptcy reorganization is resource-draining and rarely results in general unsecured creditors receiving any dividend.

 

Download the PDF on the right hand menu to read the full profile.














    united-states

    United States

    Collection complexity

    severe-2


    Collection relating to

    Payments
    $-4
    Court
    proceedings
    Gav-3
    Insolvency
    proceedings
    Arrow-3
     

    USA

    › All Publications About USA