A default of payment means an invoice that has not been paid on time by a debtor. An invoice is therefore considered unpaid when the amount of this invoice has not been paid on the payment date indicated on the invoice.
There are many reasons why an invoice has not been paid on time: forgetfulness, bad faith, commercial litigation but also insolvency or bankruptcy of the debtor.
Today, companies have to deal with more and more unpaid invoices. React quickly and appropriately is essential.