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Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. We’re going to look at the situations involving four well known companies that ended up in bankruptcy so we can better understand the circumstances that signal a commercial bankruptcy may be on the horizon. J.Crew Group, Inc.

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How to Recover From Business Credit Card Debt

Fundera

No one wants to—nor should—go straight to filing bankruptcy. The federal Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is consumer protection legislation that was enacted in 2010. It’s also a better alternative than declaring bankruptcy to preserve your credit. Declare bankruptcy.