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Phoenix Companies Contributing To Payment Problems

By Doug Caverly - Fri, 11/13/2009 - 12:49pm.

It's a fact of life that businesses sometimes fail, and if one happens to fail while it still owes another company money, there's often not a lot to be done. But a class of firms known as "phoenix companies" has been using some business-related death and rebirth cycles to abuse small businesses.

News Tags: Money, Phoenix Companies, Forum of Private Business

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