Your Virtual Credit Manager

APRIL 23, 2024

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.

Bankruptcy 130

Bankruptcy Chapter 11 Credit and Collections Collector 130

Fundera

SEPTEMBER 27, 2020

And although there are grants and other relief options available to help businesses, one of the most viable avenues toward recovery is by declaring bankruptcy. Bankruptcy is far from a death sentence for most businesses. That said, here is a list of the major businesses that have filed for bankruptcy due to COVID-19.

Bankruptcy 98

Bankruptcy Chapter 11 Small Businesses 98

Fundera

AUGUST 26, 2018

That’s why they’re so ideal to finance startup costs, for instance; according to the US Small Business Administration, as of 2017, more than 10% of startups use a business credit card to get things off the ground. No one wants to—nor should—go straight to filing bankruptcy. Declare bankruptcy. Pay off high-interest debts first.

Chapter 11 65

Chapter 11 Bankruptcy Chapter 7 Credit Card Companies 65