How do you deal with a company that has entered administration?

If you are in business, and you suddenly discover that one of our customers has entered administration, and they owe you money, are you likely to get paid?. What are the implications for dealing with such companies. If a new company approaches you for business, that is already in administration, do you insist on cash up front?.. Let me know your views!

Welcome to all issues financial

Hi, Fin here!.. Welcome to my Financial patter blog.. where inputs of financial importance are encouraged!..  The goal of this blog is to highlight financial issues that need to be examined, and to evaluate their credibility, value to society, etc..  So keep looking here, and I'm sure you will find some inVALUABLE information, if not now,.. in the near future!..

(remember: we expect the future to last a LONG time, so the near future can be just years away!!)