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The Imperative for Prioritizing Collections

Your Virtual Credit Manager

(Photo by Melinda Gimpel on Unsplash ) The American Bankruptcy Institute recently reported that, “The 6,067 total commercial chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36 percent increase over the 4,561 filed during the same period in 2023.”

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Red Flags Revealed by Your Customers' Financial Statements

Your Virtual Credit Manager

Commercial bankruptcies have been surging since mid-2022. Chapter 11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year.

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RMAI Update May 2023

RMAi Blog

26, 2023) A consumer filed for Chapter 7 bankruptcy, listing past-due rent he owed, and was subsequently granted a discharge. Seventh Circuit Holds Confusion and Concern Not Enough for Article III Standing Pucillo v. Nat’l Credit Sys. , 21-3131, 2023 U.S. LEXIS 10237 (7th Cir.

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Online Credit Reports & How They Are Tracking Everything You Do

Due

What to look for in public records: A Chapter 7 bankruptcy stays on your credit report for 10 years after it’s filed. On the hand, after seven years, a Chapter 13 bankruptcy can be wiped out. Despite the fact that there are no quick fixes for repairing your credit, there are things you can do to improve your FICO score.