Every so often a politician comes up with some idea of special legislation to force large companies to pay invoices within X days or gather 2x base rate interest on the bill
These always fail. Mostly because it’s pretty much impossible to define the various parameters but really because … if we want to get paid by a company larger than us we take the chance it will all work out … and gift people free credit for months
my longest time to collect on invoice was 9 months and it took me two years to recover from the debt tailspin that went into (if I ever did)
Good luck getting it to work out.
One day there will be the legal backup. It might make it socially unacceptable
Comments
Every so often a politician comes up with some idea of special legislation to force large companies to pay invoices within X days or gather 2x base rate interest on the bill
These always fail. Mostly because it’s pretty much impossible to define the various parameters but really because … if we want to get paid by a company larger than us we take the chance it will all work out … and gift people free credit for months
my longest time to collect on invoice was 9 months and it took me two years to recover from the debt tailspin that went into (if I ever did)
Good luck getting it to work out.
One day there will be the legal backup. It might make it socially unacceptable