Remove 2017 Remove Chapter 11 Remove Default
article thumbnail

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. The company filed for Chapter 11 bankruptcy protection in September 2010 and gradually closed its remaining stores. Despite efforts to negotiate with creditors, Hertz filed for Chapter 11 bankruptcy protection in May 2020.