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Un-Receivables?

Chart showing chance of collecting commercial debts decreases sharply over 24-month period.
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A recent survey by the Commercial Collection Agency Section of the Commercial Law League of America, an industry group, found that more than 25% of all 90-day-old bills never get paid -- a delinquency rate that keeps rising, the older bills get. (For a contrary viewpoint, see "Never Say Die," [Article link].)

Length of delinquency % chance of collecting
after due date delinquent commercial debts
Due date 97.9%
1 month 93.4
2 months 84.6
3 months 72.9
6 months 57.0
9 months 41.9
12 months 25.4
24 months 12.5
Source "Annual Collectibility Survey," the Commercial Collection Agency Section of the Commercial Law League of America, New Providence, N.J., April 1993.
Last updated: Oct 1, 1993




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