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Storm Warning: Private Company Red Flags

Your Virtual Credit Manager

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% Learn More About Credit Reports Please share this newsletter with your small business customers. during the 12-month period ending September 30, 2024.

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What Happens When You File for Business Bankruptcy?

Fundera

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.

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How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps

Fundera

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

Due

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. As a business owner, you indeed wish things could be easier.

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What Happens When a Business Has to File for Bankruptcy

Fundera

However, filing for bankruptcy is not necessarily a death sentence—in fact, it could mean the difference between sinking or saving your business. Let’s review the different types of bankruptcy, and what happens when your business has to file Chapter 11. Small Business Bankruptcy Filing Options.

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Don't Leave Converting Sales into Cash to Chance

Your Virtual Credit Manager

Under-performing AR has the potential to create a cash flow crisis that can shut down your business in very short order. Cash Flow is the number one cause of small business bankruptcies. Please feel free to share this newsletter with your small business customers. it just might help them pay you sooner!

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Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

Please feel free to share this newsletter with your small business customers. This ties into all the Covid startups and the lack of bankruptcies while stimulus funds were available. The point is: receivables are an investment that needs to be managed with regard to the inherent risks associated with AR.