Bankruptcy Chapter 11 Small Businesses 
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.
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. During Covid, we also saw an unprecedented number of new business formations.
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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.
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.
Your Virtual Credit Manager
NOVEMBER 12, 2024
While the principals of credit are the same for businesses of every size, there is a lot more information on the big guys making it easier to see any red flags that suggest they are in trouble. Beware—Commercial Bankruptcies Are Accelerating In our current economic climate, watching out for customer red flags is essential.
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.
Fundera
OCTOBER 20, 2018
How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps. Evaluate your business’s financial situation and goals. 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.
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