By Charles E. “Buzz” English, Jr.
Has this happened to you…
You sold the goods or provided the services. The client or customer never questioned the bill or raised any quality issues. You’re not making an abnormally large profit on this transaction… you just are just looking to get paid so that you can pay your bills. Normally, if a customer does not pay, you would consider pursuing legal action.
But, as we are all well aware, we are in the midst of a pandemic. Unemployment is at the highest level of modern times. The latest estimate is that as many as 30,000,000 people are unemployed. Some businesses have been ordered to close down and others cannot operate because of public health issues. We may be facing a depression. But alas, a few businesses have received loans through the Small Business Administration while others may have received grants… which raises the question: is a customer not paying because it does not have the money or because it is holding on to its cash?
What should you do? How can you get paid? How long will this last? What are your options?