Bankruptcy Chapter 7 Small Businesses 
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. Share Read more
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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. And the future is bleak — the U.S.
Fundera
JANUARY 19, 2019
Liquidate the business. File for bankruptcy. As a business owner, you should always be thinking about your next move. In some cases, that’s your business exit strategy. Even if it’s technically your last move, an exit strategy for small business in particular is something you should keep in mind. .
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.
Fundera
JULY 28, 2019
Growing a small business is rarely a straight path toward success. A company divestiture, by definition, is one of these kinds of bumps in the road for a business. A company divestiture, by definition, is one of these kinds of bumps in the road for a business. Selling a Business. Bankruptcy.
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