2024 Accounts Receivable (AR) Bankruptcy 
Your Virtual Credit Manager
NOVEMBER 12, 2024
Consequently, a large percentage of your accounts receivable (AR) is likely to derive from large firms. Beware—Commercial Bankruptcies Are Accelerating In our current economic climate, watching out for customer red flags is essential. According to BankruptcyWatch , the U.S. Department of Justice's U.S.
Your Virtual Credit Manager
FEBRUARY 13, 2024
After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Likewise, the construction and business services industries, accounting for nearly 20 percent of insolvencies last year, are projected to remain the hardest hit in 2024.
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Your Virtual Credit Manager
OCTOBER 15, 2024
With consumer discretionary spending bottled up by past inflation, it is no surprise many SMBs are struggling to make ends meet. In other words, commercial chapter 11 bankruptcies have doubled over the past 2 years, and the trend continues upward. ” That comes after a 61 percent increase over the same period from 2022 to 2023.
Your Virtual Credit Manager
AUGUST 11, 2024
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. Department of Justice expects a sharp increase in bankruptcies with the U.S.
Your Virtual Credit Manager
APRIL 30, 2024
In addition, extended terms increase your exposure to customer bankruptcies and the resulting non-payment. Also, once granted, extended payment terms are very difficult to rescind. The good news is that until Wednesday May 1, 2024, annual subscriptions are only $29.40. that’s 40% off the standard price.
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