When you factor your receivables, isn't that usually the last sign before chapter 11? These are flanders precisionaire's terms of sale below. Does this mean they are factoring their receivables? Why wouldn't they just send the receivables to themselves? Perhaps I dont understand.

"Remittances
Remittances should be made to:

Bank of America
FTA PO Box 405167
Atlanta, GA 30384-5167

Remittances should be coded with the applicable invoice number so that credit may be applied to the proper charge for each account."