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.

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Chapter 11 Accounts Receivable (AR) Bankruptcy Credit and Collections 130

Your Virtual Credit Manager

APRIL 23, 2024

Credit analysts should also review past decisions to improve their future performance regarding approvals, limits and term setting. Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. Despite efforts to negotiate with creditors, Hertz filed for Chapter 11 bankruptcy protection in May 2020.

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Bankruptcy Chapter 11 Credit and Collections Collector 130

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.”

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Chapter 11 Bad Debt Bankruptcy Accounts Receivable (AR) 100

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.

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Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Trade Credit & Liquidity Management

APRIL 2, 2025

By Robert DiNozzi Corporate Credit Managers face uncertain times. In a post-pandemic world, forbearance and amended credit agreements may no longer represent the most rational path for preserving the value of security interests. Maximizing Recovery Value of Defaulted Business Loans.

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Chapter 11 Bankruptcy Default Credit and Collections 40

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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Bankruptcy Bad Debt Credit Scoring Chapter 11 130