Twitter lawsuits over unpaid bills "typical of companies within a very short window of filing for bankruptcy"

At least six U.S. companies are suing Twitter for non-payment of bills, reports CNBC. PlainSite is tracking a total of 14 companies worldwide that are suing Twitter for non-payment.

CNBC reached out to finance experts who told it Twitter's refusal to pay vendors is the mark of a company that's circling the drain:

Nonpayment disputes like these are not common after a leveraged buyout, according to Boston College finance professor Edith Hotchkiss. — Read the rest