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). Please feel free to share this newsletter with your small business customers.

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Bankruptcy Chapter 11 Chapter 7 Bad Debt 130

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. Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit.

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Chapter 11 Bad Debt Bankruptcy Accounts Receivable (AR) 100

Lendio

JULY 13, 2023

Or great advice that’s far too in-depth for a small business owner who isn’t looking to start a full-time career in marketing. Each article is written by an experienced marketer who catered their advice to a small business owner. Navigating The Guide The marketing guide is divided into logical chapters.

Small Businesses 52

Small Businesses Chapter 11 Chapter 7 Chapter 5 52

Fundera

OCTOBER 20, 2018

As a small business owner, your main goal is to see your business thrive. If your business doesn’t perform well and you’re forced to consider bankruptcy, it can be a frustrating, emotional time. Businesses can file for Chapter 7, Chapter 13, or Chapter 11 bankruptcy.

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Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 59

Lendio

JULY 31, 2023

It’s tempting for small business owners to view accounting as a hassle—some necessary evil. And while it’s certainly not the most exciting part of running a business, keeping up with your small business accounting will pay massive dividends and make you a better business owner.

Small Businesses 52

Small Businesses Chapter 11 Chapter 7 Transactions 52

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

Lendio

MAY 23, 2023

Why Bookkeeping Is Important Bookkeeping is essential to your business’ health for several reasons: Financial Management Bookkeeping provides small business owners with accurate and up-to-date financial records that allow them to effectively manage their finances. Chapter 7: Closing the Books Prepare to close the books.

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Small Businesses Chapter 11 Chapter 7 Transactions 52