Quote Originally Posted by carwhacko View Post
Why is that sir?
Because credit collection in the Ph is hard. Justice system is really slow and gives potential estafadors all the time in the world to get away. Getting warrants of arrest and pulling out property are very involved, costly and tedious processes.

Small claims court helps for small amounts, but for 100k+ it takes so much longer. And when you get to arbitration the judge will almost always plea for better terms or dropping of penalties for the offender, saying "pera lang yan".

*1D4LV
Re: a. It may be true for most, but some SME's I know (not me) have pretty deep pockets in the upper 8 to lower 9 figures. They still consider themselves "medium" enterprises. They are well financed and have so much extra funds (baka cronies) they are always looking for other businesses to invest in.

But still I get your point. Although it doesn't matter how much money you have. If you don't know how to balance your a/r & a/p you'll always end up short on funds.