Accounts Receivable (AR) Bankruptcy Default 
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.
Your Virtual Credit Manager
NOVEMBER 12, 2024
Consequently, a large percentage of your accounts receivable (AR) is likely to derive from large firms. Beware—Commercial Bankruptcies Are Accelerating In our current economic climate, watching out for customer red flags is essential. According to BankruptcyWatch , the U.S. Department of Justice's U.S.
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Your Virtual Credit Manager
JANUARY 23, 2024
Furthermore, new businesses and small businesses tend to have high failure rates, and there is good reason to believe a wave of defaults is coming. Among other things, commercial bankruptcies have been steadily climbing over the past year. Credit scores typically provide either a probability or default or of slow payment.
Your Virtual Credit Manager
OCTOBER 15, 2024
With consumer discretionary spending bottled up by past inflation, it is no surprise many SMBs are struggling to make ends meet. In other words, commercial chapter 11 bankruptcies have doubled over the past 2 years, and the trend continues upward. ” That comes after a 61 percent increase over the same period from 2022 to 2023.
Your Virtual Credit Manager
APRIL 2, 2024
As such, they are just one of the many tools, such as credit reports, supplier and bank references, and financial statement analysis, that can help assess a business's creditworthiness. Commercial credit scores are often not as well understood as consumer credit scores such as FICO.
Your Virtual Credit Manager
AUGUST 11, 2024
Commercial bankruptcies have been surging since mid-2022. Chapter 7 commercial liquidation filings are up 28 percent and sub-chapter V small business elections are up a staggering 61 percent despite the filing threshold recently being cut in half. Department of Justice expects a sharp increase in bankruptcies with the U.S.
Your Virtual Credit Manager
MAY 2, 2023
Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. There are several ways to mitigate the risk of extending credit on open terms. The headlines paint a grim picture.
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