Your Virtual Credit Manager

AUGUST 1, 2023

Confirm that the bankruptcy has actually been filed with the bankruptcy court, and which type (usually Chapter 7 liquidation, Chapter 11 reorganization, or Chapter 13 if an individual is operating as a sole proprietor). Check out Using Collateral to Make the Sale for more information on filing a UCC.

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Lendio

MAY 9, 2024

Type Description Chapter 7 Known as “liquidation bankruptcy.” Chapter 11 Aimed at businesses, allowing them to remain operational while reorganizing debts. Chapter 13 An individual’s debt is reorganized into a payment plan over three to five years.

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Lendio

JULY 13, 2023

Click through to the various chapters of the guide for more in-depth information. This will give you the information and direction you need to put your time and money into the right marketing tactics for your business. This research will inform your pricing strategy and which marketing channels will best reach your customers.

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Lendio

MAY 23, 2023

Chapter 3: Free Cash Flow Formula Learn how to calculate free cash flow and how to use this information. Chapter 7: Cash Flow Problem Learn common sources of cash flow problems and how to solve them. Chapter 11: Business Budget Template Grab a free template for building out your business budget.

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Chapter 11 Chapter 7 Chapter 5 Small Businesses 52

Lendio

MAY 23, 2023

Accounting, on the other hand, encompasses a broader scope and involves interpreting, analyzing, and summarizing the financial information generated through bookkeeping. By tracking income, expenses, and cash flow, owners can make informed decisions regarding budgeting, pricing, cost management, and investments.

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Lendio

JULY 31, 2023

The purpose of small business accounting is threefold: To inform internal stakeholders, such as the business owner and key employees, about the historical and current state of the small business’ financial condition so they can make key decisions pertaining to cost control, personnel, marketing, and more.

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Small Businesses Chapter 11 Chapter 7 Transactions 52

Fundera

OCTOBER 2, 2017

Let’s review the different types of bankruptcy, and what happens when your business has to file Chapter 11. Small businesses have three basic options for filing for bankruptcy: Chapter 7, Chapter 13, and Chapter 11. Read more about small businesses filing Chapter 7.

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