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.”
Your Virtual Credit Manager
NOVEMBER 12, 2024
Here a sample of the news on this front: Commercial bankruptcy filings across all chapters increased 20% in the first 9 months of 2024 compared to 2023, with 22,550 filings versus 18,774 according to Epiq AACER. Meanwhile, commercial Chapter 11 filings increased 36% Allianze Trade forecasts bankruptcies in the US to increase by 12% in 2025.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Your Virtual Credit Manager
AUGUST 1, 2023
Confirm that the bankruptcy has actually been filed with the bankruptcy court, and which type (usually Chapter 7 liquidation, Chapter 11 reorganization, or Chapter 13 if an individual is operating as a sole proprietor). Once the bankruptcy filing has been confirmed, halt all collection efforts and contacts immediately.
Your Virtual Credit Manager
MARCH 26, 2024
In February, Epiq Bankruptcy reported that commercial Chapter 11 bankruptcy filings climbed 118 percent year-over-year. About 25 years ago, a credit manager I know saved his company from a seven-figure bad debt loss by monitoring the Internet on his biggest customers. A Case in Point.
Expert insights. Personalized for you.
130 
Let's personalize your content