article thumbnail

Lessons for Trade Creditors from Recent Bankruptcies

Your Virtual Credit Manager

Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. We’re going to look at the situations involving four well known companies that ended up in bankruptcy so we can better understand the circumstances that signal a commercial bankruptcy may be on the horizon. J.Crew Group, Inc.

article thumbnail

Celebrity Finance Mistakes – These Celebrities Went from $100 Million to Practically Nothing

Due

Throughout his career, he was embroiled in several lawsuits, including the highly publicized child molestation case in 2005. In 2009, he was forced to declare bankruptcy, resulting in the loss of millions of dollars. Depp also paid $ 3 million for an event in 2005 to blast late journalist Hunter S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

5 Legal Steps For Commercial Debt Collection in UAE

MNS Credit Management Group

Since 2005, there have been several incidents involving unpaid debt in the UAE, but not every one of them presents an economically feasible opportunity for a corporation or individual to initiate a civil lawsuit. . The UAE bankruptcy legislation is distinct from this new statute.

article thumbnail

These 6 Mistakes Cost Me More Than $4 Million

Due

Since this was 2005, I can’t recall the exact ratio. If I put in 750-800 bucks back in 2005, that’s worth $684.93 In case you weren’t aware, Celsius Network filed for bankruptcy. I may be able to get some of it back from the bankruptcy proceeding. But the exchange rate was somewhere around 750 or 800.

article thumbnail

Income-Generating Investments That Build Wealth During Retirement

Due

These are only some unfortunate events that led to bankruptcies and macroeconomic weakness. And they only had limited time and resources to recover from their bankruptcy. The average retirement length peaked in 2012 for men and in 2005 for women. Yet, the memories of their aftermath have remained remarkable. years and 23.8