Your Virtual Credit Manager

DECEMBER 6, 2022

Under-performing AR has the potential to create a cash flow crisis that can shut down your business in very short order. Cash Flow is the number one cause of small business bankruptcies. As a result, you may find yourself periodically running out of cash and not able to pay your your suppliers, your employees, nor even yourself.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Trade Credit & Liquidity Management

APRIL 2, 2025

(Photo by Dan Dimmock on Unsplash ) The study also highlights the broader economic implications, such as rising bankruptcy filings and the vulnerability of specific industries. Bad Debt Risks Over half (52%) of businesses lose less than 5% of their annual revenue to bad debt, but 32% report losses between 5% and 30%.

Bad Debt 52

Bad Debt Bankruptcy Business Bankruptcy Credit and Collections 52

Fundera

AUGUST 26, 2018

As you read on, consider that the best option for your business might be a little from Column A and a little from Column B, so to speak. No one wants to—nor should—go straight to filing bankruptcy. It’s also a better alternative than declaring bankruptcy to preserve your credit. Declare bankruptcy.

Chapter 11 65

Chapter 11 Bankruptcy Chapter 7 Credit Card Companies 65

Due

APRIL 15, 2024

America’s small businesses face unprecedented challenges. Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook.

Small Businesses 84

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy 84

tillful

MAY 17, 2023

According to Dun & Bradstreet , they can include liens, judgments, bankruptcies, UCC filings, and business registrations. Derogatory public records are those that contain negative information such as bankruptcies and liens. How long do collections and other derogatory marks stay on your business credit reports ?

Bankruptcy 52

Bankruptcy Credit and Collections Credit Reporting Agencies Credit Scoring 52

Abrigo

JANUARY 27, 2016

Recovery of third-party losses – In the event of a business bankruptcy or insolvency, external lenders, shareholders and vendors are seeking to maximize their potential for recovery. For instance, it is easier to collect from a professional liability insurance claim than from a fraudster who has absconded with your corporate dollars.

Business Bankruptcy 60

Business Bankruptcy Bankruptcy 60

Fundera

JUNE 13, 2018

If you don’t have that protection in place by dividing your business finances, you risk opening up your personal finances to seizure when that judgement goes against you.

Credit Scoring 94

Credit Scoring Credit and Collections Business Bankruptcy Bankruptcy 94

Fundera

MAY 22, 2018

File for bankruptcy. If your business is simply facing too much merchant cash advance debt, you can consider filing for bankruptcy. Bankruptcy should be reserved as a last possible resort, but it can also mean the difference between saving and ruining your business. File for bankruptcy if your debt is untenable.

Bankruptcy 40

Bankruptcy Business Bankruptcy Chapter 11 Credit Scoring 40

Fundera

JANUARY 13, 2018

In most cases, a corporation or limited liability company protects individuals from business failings—including a business’s bad credit score or even a business bankruptcy. This is exactly why it’s important to fully understand what you’re signing.

Default 79

Default Business Bankruptcy Small Businesses Bankruptcy 79

Fundera

MARCH 10, 2019

In most cases, a corporation or limited liability company protects individuals from business failings—including a business’s bad credit score or even a business bankruptcy. This is exactly why it’s important to fully understand what you’re signing.

Default 74

Default Credit and Collections Small Businesses Business Bankruptcy 74

Fundera

OCTOBER 23, 2019

The owner is personally responsible for the business’s debts. If the business goes bankrupt, the sole proprietor has to file for personal bankruptcy, and both personal and business debts will be included in the bankruptcy proceedings. On top of this, LLCs offer tax flexibility.

Bankruptcy 40

Bankruptcy Business Bankruptcy Default Credit and Collections 40

Due

MAY 28, 2023

Additionally, small businesses often can’t pay their existing debt, leading to decreased business credit scores or even bankruptcy. Again, small businesses are the most vulnerable, so during a recession the number of small business bankruptcies often increases significantly.

Bankruptcy 53

Bankruptcy Credit and Collections Business Bankruptcy Small Businesses 53

Fundera

JULY 28, 2019

This can take several forms (hence why the divestiture definition is so vague), including the sale of a specific service to another party, the liquidation of inventory that will no longer be offered as a product line, bankruptcy, or selling off the business entirely. . Bankruptcy. The Benefits of Divestiture.

Bankruptcy 40

Bankruptcy Chapter 11 Chapter 7 Small Businesses 40

Credibly

OCTOBER 31, 2023

Resolution of default: If your default leads to business bankruptcy, you might be looking at filing for personal bankruptcy. Looking for a better way to handle business finances? Understanding the loan structure and its impact on your personal finances is crucial before entering into any loan agreement.

Default 40

Default Credit Scoring Credit and Collections Bankruptcy 40

Fundera

JANUARY 13, 2018

In most cases, a corporation or limited liability company protects individuals from business failings—including a business’s bad credit score or even a business bankruptcy. This is exactly why it’s important to fully understand what you’re signing.

Default 52

Default Business Bankruptcy Small Businesses Bankruptcy 52

Fundera

SEPTEMBER 20, 2018

What Is Business Bankruptcy? If you’re struggling to pay off business debts, filing for business bankruptcy might help. Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation.

Business Bankruptcy 74

Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74

Fundera

OCTOBER 2, 2017

When it comes to the future of your business, filing for bankruptcy might seem like the absolute worst thing that could happen. However, filing for bankruptcy is not necessarily a death sentence—in fact, it could mean the difference between sinking or saving your business. Small Business Bankruptcy Filing Options.

Bankruptcy 100

Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 100

Fundera

JULY 24, 2019

If a key individual of the business unexpectedly passes away or becomes disabled and can’t work, the cost to the business can be even higher. Key person insurance gives you options in these circumstances, so you’re not forced to shut down or claim business bankruptcy.

Insurance Companies 50

Insurance Companies Brokerages Deductions Small Businesses 50

Fundera

JULY 11, 2017

In your earliest days as a business owner, you probably never imagined that you might someday file for bankruptcy. You had big plans and dreams for your business! The American Bankruptcy Institute reports that over 24,000 businesses filed for bankruptcy last year. Isn’t that what every entrepreneur aims for?

Bankruptcy 85

Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 85