Bankruptcy Chapter 11 Small Businesses 
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
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. During Covid, we also saw an unprecedented number of new business formations.
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.
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.
Fundera
AUGUST 26, 2018
Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. And, even when you’re eligible for a small business loan later on, they’re instrumental for everyday purchases.
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