Bankruptcy Related Topics 
RMAi Blog
NOVEMBER 15, 2024
A recent issue has arisen pertaining to objections to Proof of Claims in bankruptcy cases filed in the Western District of North Carolina. The post Member Alert: RMAI BANKRUPTCY ALERT – WESTERN DISTRICT OF NORTH CAROLINA appeared first on Receivables Management Association International.
Your Virtual Credit Manager
APRIL 23, 2024
Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. We’re going to look at the situations involving four well known companies that ended up in bankruptcy so we can better understand the circumstances that signal a commercial bankruptcy may be on the horizon. J.Crew Group, Inc.
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Due
NOVEMBER 14, 2024
As a last resort, many people file for bankruptcy when they are faced with overwhelming debt. In fact, 486,613 people filed for bankruptcy in 2024 — up 16.2% However, those nearing retirement or with significant savings wonder how bankruptcy will affect their retirement accounts. Chapter 7 Bankruptcy.
Your Virtual Credit Manager
AUGUST 1, 2023
Commercial bankruptcies began rising earlier this year after an unprecedented lull during the Covid crisis. Historically, bankruptcies have tended to peak after an economic crisis has passed and that appears to be what is happening now. When a customer files bankruptcy, it immediately stops any payments coming from them to you.
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.
CreditStrong for Business
SEPTEMBER 4, 2024
Making the decision to file for bankruptcy is far from easy. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy. With a chapter 13 bankruptcy, your credit is affected for seven years. How Long Does A Chapter 13 Bankruptcy Stay On A Person’s Credit Report?
RMAi Blog
MARCH 1, 2023
March 1, 2023: Receivables Management Association International (RMAI) is pleased to launch another new educational resource for the accounts receivables management industry, An Overview of Bankruptcy for the Accounts Receivables Management Industry. More information about RMAI is available at www.rmaintl.org.
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