Business Bankruptcy and Credit and Collections

Storm Warning: Private Company Red Flags

Your Virtual Credit Manager

JANUARY 14, 2025

The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% Customer past due balances cause cash flow shortages, increase the need for borrowing, and create a significant work requirement in order to accelerate collections.

Bad Debt

Bad Debt Bankruptcy Credit and Collections Accounts Receivable (AR)

Don't Leave Converting Sales into Cash to Chance

Your Virtual Credit Manager

DECEMBER 6, 2022

If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you. Cash Flow is the number one cause of small business bankruptcies.

DSO

DSO Credit and Collections Bad Debt AR Aging

Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

MARCH 21, 2023

Any enterprise extending credit to another business needs to have real treasury expertise. The role of credit should not be focused on preventing bad debt losses, but rather maximizing profits. Likewise, being heavily concentrated in a single industry is another good reason for working with a credit insurer.

Accounts Receivable (AR)

Accounts Receivable (AR) Bankruptcy Bad Debt Credit and Collections

How to Recover From Business Credit Card Debt

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. Many business owners need to know how to recover from business credit card debt.

Chapter 11

Chapter 11 Bankruptcy Chapter 7 Credit Card Companies

Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

tillful

MAY 17, 2023

Here’s a closer look at what collection filings and derogatory marks mean for businesses. Plus, learn how long they stay on your record, how to prevent them, and tips on getting your business credit back on track. What does it mean to have a business debt in collections? Credit inquiries : 9 months.

Bankruptcy

Bankruptcy Credit and Collections Credit Reporting Agencies Credit Scoring

CreditSafe Study Breaks Down the Cost of Late Payments

Trade Credit & Liquidity Management

APRIL 2, 2025

Bad Debt Risks Over half (52%) of businesses lose less than 5% of their annual revenue to bad debt, but 32% report losses between 5% and 30%. Common causes include customer bankruptcies, fraud, poor credit checks, and inadequate monitoring of existing customers. Bankruptcy Trends Business bankruptcy filings increased by 40.3%

Bad Debt

Bad Debt Bankruptcy Business Bankruptcy Credit and Collections

The Definitive Guide to Separating Business and Personal Finances

Fundera

JUNE 13, 2018

If you don’t have that protection in place by dividing your business finances, you risk opening up your personal finances to seizure when that judgement goes against you. If you’re a serious entrepreneur—or even a casual one—there’s no reason to put your personal assets, credit score, and precious time at risk.

Credit Scoring

Credit Scoring Credit and Collections Business Bankruptcy Bankruptcy

5 Tips for Small Business Owners to Assess and Improve Their Bookkeeping

Due

APRIL 15, 2024

America’s small businesses face unprecedented challenges. Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. This eliminates much of the need for manual bookkeeping, at least upfront.

Small Businesses

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy

Do SBA Loans Require a Personal Guarantee?

Fundera

MARCH 10, 2019

This makes lending to small businesses much less risky for the lender since they know that the government will pay them back, even if the borrower can’t. You need to have good credit and strong business financials to apply, and in most cases, you have to sign a personal guarantee. Are SBA Loans Personally Guaranteed?

Default

Default Credit and Collections Small Businesses Business Bankruptcy

Do SBA Loans Require a Personal Guarantee?

Fundera

JANUARY 13, 2018

In most cases, a corporation or limited liability company protects individuals from business failings—including a business’s bad credit score or even a business bankruptcy. They essentially offer you zero financial protection if your business isn’t as successful as planned.

Default

Default Business Bankruptcy Small Businesses Bankruptcy

How to Get Merchant Cash Advance Debt Relief

Fundera

MAY 22, 2018

A merchant cash advance is a loan that your business pays back through customer credit card purchases. Financing companies provide a lump sum of cash, which they calculate according to your business’s credit card receivables. In return, that financing company takes a percentage of your credit card sales.

Bankruptcy

Bankruptcy Business Bankruptcy Chapter 11 Credit Scoring

Here’s what to do when you’re about to default on a business loan.

Credibly

OCTOBER 31, 2023

What you can do before your loan goes into default Does defaulting on a business loan affect my personal credit? Almost defaulting on your business loan is an incredibly difficult experience to go through. What happens if you default on a business loan? These occurrences are collectively known as events of default.

Default

Default Credit Scoring Credit and Collections Bankruptcy

The Bank Crisis and How it Will Affect the Future of Entrepreneurs

Due

MAY 28, 2023

Here we’ll discuss how the bank crisis may affect the future of entrepreneurs and what you can do to protect your business. These risks include credit risk, meaning loans may not be paid turning them into non-performing assets, and liquidity risk, which is when withdrawals from the bank are more than the bank’s available funds.

Bankruptcy

Bankruptcy Credit and Collections Business Bankruptcy Small Businesses

Do SBA Loans Require a Personal Guarantee?

Fundera

JANUARY 13, 2018

In most cases, a corporation or limited liability company protects individuals from business failings—including a business’s bad credit score or even a business bankruptcy. They essentially offer you zero financial protection if your business isn’t as successful as planned.

Default

Default Business Bankruptcy Small Businesses Bankruptcy

LLC vs. Sole Proprietorship: Differences, Similarities, and How to Choose

Fundera

OCTOBER 23, 2019

The operating agreement outlines each member’s ownership stake in the business, voting rights, and profit share. An LLC can be collectively managed by the members or managed by an appointed manager. Usually, LLC members decide on company matters in proportion to their ownership stake—called membership units—in the business.

Bankruptcy

Bankruptcy Business Bankruptcy Default Credit and Collections

Credit Management Source

Storm Warning: Private Company Red Flags

Don't Leave Converting Sales into Cash to Chance

Trending Sources

Seven Observations from Silicon Valley Bank's Failure

How to Recover From Business Credit Card Debt

Derogatory Public Record or Collection Filed? Here’s What It Means For Your Business

CreditSafe Study Breaks Down the Cost of Late Payments

The Definitive Guide to Separating Business and Personal Finances

5 Tips for Small Business Owners to Assess and Improve Their Bookkeeping

Do SBA Loans Require a Personal Guarantee?

Do SBA Loans Require a Personal Guarantee?

How to Get Merchant Cash Advance Debt Relief

Here’s what to do when you’re about to default on a business loan.

The Bank Crisis and How it Will Affect the Future of Entrepreneurs

Do SBA Loans Require a Personal Guarantee?

LLC vs. Sole Proprietorship: Differences, Similarities, and How to Choose

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