Accounts Receivable (AR) Bankruptcy Credit Application 
Your Virtual Credit Manager
JANUARY 23, 2024
Among other things, commercial bankruptcies have been steadily climbing over the past year. Consequently, where the risks are concentrated in your AR portfolio can change significantly from year-to-year, which is why you need to have a program that involves both periodic account reviews and portfolio monitoring.
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. Department of Justice projects a substantial increase in bankruptcy filings. Trustee Program has estimated that bankruptcy filings will double over the next three years.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Your Virtual Credit Manager
APRIL 16, 2024
Market volatility and rising costs are instead disrupting working capital budgets, causing late payments that inflate accounts receivable (AR). Know the Law: Familiarize yourself with the legal complexities of commercial credit and debt collection.
Your Virtual Credit Manager
MARCH 19, 2024
Whether you have automated the collection process or not, mapping out collection strategies for the different types of customers in your accounts receivable (AR) portfolio is an accepted best practice. Derogatory Information: You should be monitoring the creditworthiness of the customers in your AR portfolio.
Your Virtual Credit Manager
DECEMBER 27, 2022
A business with a strong credit history is more likely to be considered creditworthy than one with a weaker credit history. A business's credit history also includes any past bankruptcies or defaults, as well as collection agency placements. Collateral: Collateral can be used to secure any type of credit offering.
Your Virtual Credit Manager
JULY 23, 2024
In every accounts receivable (AR) portfolio there are customers that almost always pay on time, other customers that pay within a reasonable proximity of the due date, and those that pay consistently slow. If your contact is avoiding you, it may only be because they are really busy or no longer works there.
Your Virtual Credit Manager
DECEMBER 6, 2022
If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you.
Expert insights. Personalized for you.
130 
Let's personalize your content