Your Virtual Credit Manager

JANUARY 23, 2024

Among other things, commercial bankruptcies have been steadily climbing over the past year. If the European parent company defaulted, the North American subsidiary would be pulled into bankruptcy even though its operations were profitable. request for substantially more credit, change in leadership, merger or acquisitions, etc.).

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Your Virtual Credit Manager

DECEMBER 6, 2022

Cash Flow is the number one cause of small business bankruptcies. The solution is the implementation of credit and collection best practices geared to ensure customer profitability and sufficient cash flow. Under-performing AR has the potential to create a cash flow crisis that can shut down your business in very short order.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

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. Update credit applications: This should be done every 5 years, unless triggered sooner by a change in the business (e.g.,

Bankruptcy 130

Bankruptcy Bad Debt Credit Scoring Chapter 11 130