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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. 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.

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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

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.

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RMAI Update August 2024

RMAi Blog

In This Update We Loved Connecting at the 2024 Executive Summit! Last week, 175 executives gathered in beautiful Santa Ana Pueblo, NM for the 2024 Executive Summit. Public comments to the rule proposal were due August 12, 2024. 23-1952, 2024 U.S. 23-2512, 2024 U.S. RMAI submitted comments, which can be viewed here.

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So Where is the Economy Headed? A Review of Ryo Tashiro’s Presentation

Credit Research Foundation

What is true is that bankruptcies are up and there is more risk in the economy than we have seen in the past several years. CRF was fortunate to have Ryo Tashiro, Outreach Economist from the Philadelphia Federal Reserve, speak in our 2024 webinar series and provide clarity across the economic landscape.

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Academic Roundup 2023-2024 With the Harvard Law School Bankruptcy Roundtable

Reorg Blog

Discover key insights from the 2023-2024 Academic Roundup with Harvard Law School Bankruptcy Roundtable, featuring analyses on evolving bankruptcy trends and international insolvency.

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Big Company Red Flags You Can't Afford to Miss

Your Virtual Credit Manager

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.

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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.” Trustee Program.