Accounts Receivable (AR), Chapter 7 and Small Businesses

The Imperative for Prioritizing Collections

Your Virtual Credit Manager

OCTOBER 15, 2024

Over the next couple of years, many more companies are expected to file bankruptcy chapter 7 liquidations, or simply close their doors for good. As a consequence, commercial accounts receivable (AR) portfolios are at an increasing risk of suffering bad debt losses. Share Read more

Chapter 11

Chapter 11 Bad Debt Accounts Receivable (AR) Bankruptcy

Red Flags Revealed by Your Customers' Financial Statements

Your Virtual Credit Manager

AUGUST 11, 2024

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. 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.

Sub-Chapter V

Sub-Chapter V Bankruptcy Credit and Collections Chapter 11

Credit Management Source

The Imperative for Prioritizing Collections

Red Flags Revealed by Your Customers' Financial Statements

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