Bad Debt Chapter 7 Credit Risk 
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. This initial uptick is only expected to get worse.
CreditStrong for Business
SEPTEMBER 4, 2024
The trade-off for having your debt eliminated is a long-lasting derogatory mark on your credit report identifying you as a huge credit risk. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy. An average score of about 680 could hit a low of 530 to 550.
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