Accounts Receivable (AR) Bankruptcy Small Businesses 
Your Virtual Credit Manager
NOVEMBER 12, 2024
Photo by Bernd Dittrich on Unsplash In a sense, that’s fortunate because it’s much more likely a large firm, rather than a small business, is your biggest customer. Consequently, a large percentage of your accounts receivable (AR) is likely to derive from large firms. Department of Justice's U.S.
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. What do you need help with?
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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 16, 2024
Market volatility and rising costs are instead disrupting working capital budgets, causing late payments that inflate accounts receivable (AR). From economic swings to shifting customer habits, business owners must deal with a host of factors impacting their ability to get paid what they’re owed.
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.
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. Please feel free to share this newsletter with your small business customers.
Your Virtual Credit Manager
MARCH 21, 2023
Subscribe now Lessons to Be Learned Looked at from the perspective of somebody responsible for the management of a portfolio of accounts receivable (AR), the events surrounding the SVB collapse present a cautionary tale. Any enterprise extending credit to another business needs to have real treasury expertise.
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