Remove 2024 Remove Bankruptcy Remove Credit and Collections
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Storm Warning: Private Company Red Flags

Your Virtual Credit Manager

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. If you are selling public companies, a single bankruptcy can have a huge impact on your firm.

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Here Are the Distress Signals Private Firms Flash When They Are in Trouble

Your Virtual Credit Manager

Courts , commercial bankruptcy filings increased 40.3% in the 12-months ending June 30, 2024. Here’s a warning to trade creditor’s from a major commercial credit bureau (from CreditSafe’s Cost of Late Payments report). If you are selling public companies, a single bankruptcy can have a huge impact on your firm.

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Big Company Red Flags You Can't Afford to Miss

Your Virtual Credit Manager

Monitoring and evaluating the credit risk posed by public companies and other large firms differs significantly in comparison to small and mid-sized businesses. Because most of your biggest customers will be larger firms instead of smaller, it is typically the larger firms that will require higher credit limits.

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Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

” (Photo by Devon MacKay on Unsplash ) This applies to credit and collections as well as anything else. Credit analysts should also review past decisions to improve their future performance regarding approvals, limits and term setting. That’s what this article explores. Hertz Global Holdings Inc. 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. RMAI submitted comments, which can be viewed here.

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A look back at 2024: 5 trends in credit management from the past year

Onguard

How has 2024 unfolded and what is expected for 2025? Indeed, one in four bankruptcies occur due to late payments of invoices, according to EU data. According to the latest Allianz data, 2024 is already going in the books as a record year for insolvencies , with Western Europe leading the rebound in the number of cases.