Chapter 7 Credit and Collections Credit Management 
Your Virtual Credit Manager
OCTOBER 15, 2024
Over the next couple of years, many more companies are expected to file bankruptcy chapter 7 liquidations, or simply close their doors for good. Full Speed Ahead for Collections Effective collections management is key to maintaining healthy cash flow and minimizing overdue accounts, which will reduce your risk of bad debt losses.
Your Virtual Credit Manager
AUGUST 1, 2023
Even though the economic headwinds are moderating, now is not the time to become less vigilant from a customer credit perspective. If you are extending credit to business customers, prudence dictates that you be prepared to deal with customer bankruptcies. Right now there are nearly a million new businesses beating the odds.
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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.
RMAi Blog
MAY 12, 2023
Nat’l Credit Sys. , 26, 2023) A consumer filed for Chapter 7 bankruptcy, listing past-due rent he owed, and was subsequently granted a discharge. A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. EOS USA, Inc.
Lendio
MAY 23, 2023
Bookkeeping is the collection of data from various sources and entering it into your company’s accounting system—but there’s more to it than just data entry. Chapter 4: Accounts Receivable Learn how to record accounts receivable. Chapter 5: Accounts Payable Learn how to record accounts payable. What Is Bookkeeping?
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