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.

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Chapter 11 Accounts Receivable (AR) Bankruptcy Credit and Collections 130

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.

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Bankruptcy Chapter 11 Credit and Collections Collector 130

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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Chapter 11 Bad Debt Bankruptcy Chapter 7 100

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.

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Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Fundera

MAY 22, 2018

Collateralized loans are less risky to lenders, since they have a built-in safety net in case a borrower defaults. File for bankruptcy. If your business is simply facing too much merchant cash advance debt, you can consider filing for bankruptcy. There are three options when filing for business bankruptcy: chapter 11, 7, or 13.

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Bankruptcy Business Bankruptcy Chapter 11 Credit Scoring 40

Your Virtual Credit Manager

MARCH 26, 2024

Meanwhile, the number of commercial bankruptcies is accelerating. In February, Epiq Bankruptcy reported that commercial Chapter 11 bankruptcy filings climbed 118 percent year-over-year. Credit scores typically provide either a probability of default or of slow payment.

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Bankruptcy Bad Debt Credit Scoring Chapter 11 130