Bankruptcy Chapter 11 Chapter 7 
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
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.
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Fundera
OCTOBER 20, 2018
How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps. Recognize the red flags of bankruptcy mills. Source bankruptcy lawyers through referrals, bar associations, and legal directories. Compare bankruptcy lawyers by asking the right questions. Both consumers and businesses can file Chapter 7.
Lendio
MAY 9, 2024
Whether you’ve gone through a personal or business bankruptcy, lenders will consider past bankruptcies when making a loan decision. This post will cover common questions about bankruptcy and how it impacts your loan application. Can you get a business loan after bankruptcy? Bankruptcy policy will vary by lender.
Your Virtual Credit Manager
AUGUST 11, 2024
Commercial bankruptcies have been surging since mid-2022. Chapter 11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year. Department of Justice expects a sharp increase in bankruptcies with the U.S. And the future is bleak — the U.S.
Fundera
AUGUST 26, 2018
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. Filing for bankruptcy should be—and is—a last-resort option. With Chapter 7, your business credit card debts can be relieved once your case is settled.
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.
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