Your Virtual Credit Manager
NOVEMBER 12, 2024
Here a sample of the news on this front: Commercial bankruptcy filings across all chapters increased 20% in the first 9 months of 2024 compared to 2023, with 22,550 filings versus 18,774 according to Epiq AACER. Meanwhile, commercial Chapter 11 filings increased 36% Allianze Trade forecasts bankruptcies in the US to increase by 12% in 2025.
Your Virtual Credit Manager
APRIL 23, 2024
The company filed for Chapter 11 bankruptcy protection in September 2010 and gradually closed its remaining stores. Despite efforts to restructure its debt and operations, Toys "R" Us ultimately filed for Chapter 11 bankruptcy protection in September 2017. The company later announced the liquidation of its U.S.
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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.”
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). More About Purchasing Credit Reports Email YVCM about Consulting Final Thoughts.
Your Virtual Credit Manager
AUGUST 11, 2024
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. Chapter 7 commercial liquidation filings are up 28 percent and sub-chapter V small business elections are up a staggering 61 percent despite the filing threshold recently being cut in half.
Lendio
MAY 23, 2023
Chapter 4: Accounts Receivable Learn how to record accounts receivable. Accounts receivable refers to the money owed to a business by its customers for goods or services provided on credit. Managing accounts receivable involves tracking outstanding invoices, collecting payments, and maintaining a healthy cash flow.
Your Virtual Credit Manager
MARCH 26, 2024
In February, Epiq Bankruptcy reported that commercial Chapter 11 bankruptcy filings climbed 118 percent year-over-year. The Imperative for Both Periodic Reviews and Ongoing Monitoring One of the things you should do immediately upon approving a customer for credit terms is schedule their first Account Review. A Case in Point.
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