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.

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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

RMAi Blog

AUGUST 14, 2024

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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Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 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.

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

Collenda

NOVEMBER 7, 2024

Navigating Economic Challenges: Aryza Group’s Insights on Q3 2024 Insolvency and Lending Trends Aryza Group is pleased to share its analysis of recent trends in the individual and company insolvency market in England, Wales, and Northern Ireland from July to September 2024, based on the latest data released by the Insolvency Service.

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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

CreditStrong for Business

OCTOBER 11, 2024

Traditional lenders may impose a waiting period before you can qualify for a new loan after derogatory credit events like bankruptcy, foreclosure, etc. As with any secured loan, if you default, the lender can seize the asset and resell it in an attempt to recuperate the funds it loaned you.

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Credit Scoring Credit Unions Bankruptcy Default 52