Your Virtual Credit Manager

APRIL 8, 2025

Courts , commercial bankruptcy filings increased 40.3% in the 12-months ending June 30, 2024. “The record-high bankruptcy filings in 2024, despite a relatively stable economic environment, suggest systemic vulnerabilities in the business landscape. A large volume of bad debts can render your firm insolvent.

Bad Debt 130

Bad Debt Bankruptcy Accounts Receivable (AR) Credit and Collections 130

Your Virtual Credit Manager

JANUARY 14, 2025

The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% during the 12-month period ending September 30, 2024. Customer defaults can be devastating , especially when they cause a substantial bad debt loss.

Bad Debt 130

Bad Debt Bankruptcy Credit and Collections Accounts Receivable (AR) 130

Your Virtual Credit Manager

NOVEMBER 12, 2024

Beware—Commercial Bankruptcies Are Accelerating In our current economic climate, watching out for customer red flags is essential. That’s because commercial bankruptcies have been rising and are expected to continue rising. Trustee Program estimates that bankruptcy filings will double over the next three years.

Chapter 11 130

Chapter 11 Accounts Receivable (AR) Bankruptcy Credit and Collections 130

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. Fitch Ratings forecasts U.S.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Your Virtual Credit Manager

OCTOBER 15, 2024

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.” Trustee Program.

Chapter 11 100

Chapter 11 Bad Debt Bankruptcy Accounts Receivable (AR) 100

Trade Credit & Liquidity Management

APRIL 2, 2025

Delayed payments have far-reaching consequences, including disrupted cash flow, strained financial obligations, and increased risks of bad debt. Photo by Dan Dimmock on Unsplash ) The study also highlights the broader economic implications, such as rising bankruptcy filings and the vulnerability of specific industries.

Bad Debt 52

Bad Debt Bankruptcy Business Bankruptcy Credit and Collections 52