Your Virtual Credit Manager
NOVEMBER 12, 2024
Beware—Commercial Bankruptcies Are Accelerating In our current economic climate, watching out for customer red flags is essential. That’s because commercial bankruptcies have been rising and are expected to continue rising. Trustee Program estimates that bankruptcy filings will double over the next three years.
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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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.
Reorg Blog
OCTOBER 24, 2023
a Plantation and several affiliates filed for chapter 11 on Sunday, Oct. 22, in the bankruptcy court for Southern District of Texas. Akumin Inc.,
Reorg Blog
AUGUST 30, 2024
Wheel Pros is preparing for a potential chapter 11 filing as soon as next week after the wheelmaker and distributor missed an interest payment last month.
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.” Trustee Program.
Reorg Blog
MAY 21, 2024
based chain of seafood restaurants, and numerous affiliates, filed for chapter 11 protection late Sunday night, May 19 in the Bankruptcy Court for the Middle District of Florida. Relevant Documents: Voluntary Petition Press Release First Day Declaration Red Lobster, an Orlando, Fla.-based The company
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