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.

Chapter 11 130

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

Your Virtual Credit Manager

APRIL 23, 2024

Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. The company filed for Chapter 11 bankruptcy protection in September 2010 and gradually closed its remaining stores. Despite efforts to negotiate with creditors, Hertz filed for Chapter 11 bankruptcy protection in May 2020.

Bankruptcy 130

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.”

Chapter 11 100

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

Fundera

MAY 22, 2018

Collateralized loans are less risky to lenders, since they have a built-in safety net in case a borrower defaults. There are three options when filing for business bankruptcy: chapter 11, 7, or 13. There are many different kinds of collateral , including property, inventory, personal guarantees , and blanket liens.

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Bankruptcy Business Bankruptcy Chapter 11 Credit Scoring 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. If the European parent company defaulted, the North American subsidiary would be pulled into bankruptcy even though its operations were profitable. There is also a sequel to this case study.

Bankruptcy 130

Bankruptcy Bad Debt Credit Scoring Chapter 11 130