Your Virtual Credit Manager

APRIL 23, 2024

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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Bankruptcy Chapter 11 Credit and Collections Collector 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.

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

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Chapter 11 Bad Debt Accounts Receivable (AR) Chapter 7 130

Due

MAY 20, 2024

The Middle District of Florida heard the company, Red Lobster Management LLC’s Chapter 11 plea , signaling a worrying patch for such an established institution. Red Lobster files for bankruptcy Red Lobster has taken a significant step, opting to sell the company’s assets and drastically reduce the number of its locations.

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Bankruptcy Chapter 11 52

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.

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Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Reorg Blog

OCTOBER 19, 2023

The post CASE SUMMARY: Rite Aid Aims to ‘Significantly’ Right-Size Balance Sheet, Rationalize Lease Portfolio Through Dual-Track Comprehensive Restructuring Under RSA With Second Lien Noteholders; March 2024 Emergence Targeted appeared first on Reorg.

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Chapter 11 Bankruptcy 64