Your Virtual Credit Manager

FEBRUARY 13, 2024

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Department of Justice projects a substantial increase in bankruptcy filings. Trustee Program has estimated that bankruptcy filings will double over the next three years.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Lendio

DECEMBER 13, 2022

Discount retail is the only industry to appear twice on the list of the top 10 S&P 500 stock performances from 2008 , a.k.a., During the 2008 recession, Walmart’s stock grew 20% and Dollar General’s increased 60%. It’s not just stock prices either—in 2008, Dollar General’s sales increased 9%. Bankruptcy Lawyers.

Credit and Collections 52

Credit and Collections Bankruptcy Small Businesses 52

Due

APRIL 1, 2023

People tend to view recessions as years-long struggles, probably because of the collective shock that was the 2008 financial crisis. A recession is any significant decline in economic activity that lasts for a few months. Not to mention, the decade-long Great Depression left thousands homeless and destitute.

Bankruptcy 90

Bankruptcy Credit and Collections Small Businesses 90

Due

DECEMBER 15, 2022

Rule Number Two: Never Forget Rule Number One” As a result of the financial crisis of 2008, Warren Buffett lost about $23 billion personally, and his company, Berkshire Hathaway, lost its AAA credit rating. In case you weren’t aware, Celsius Network filed for bankruptcy. “Rule Number One: Never Lose Money.

Brokerages 59

Brokerages Bankruptcy Investment Firms Credit and Collections 59

Your Virtual Credit Manager

MARCH 21, 2023

This ties into all the Covid startups and the lack of bankruptcies while stimulus funds were available. Commercial bankruptcies have only started to slowly tick up the past six months after 18 months of record lows. That’s why deposits at the bank were shrinking after growing by 86 percent in 2021.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bankruptcy Bad Debt Credit and Collections 130

Fundera

APRIL 15, 2020

Founded in 2008, Kabbage was among the first wave of online lenders. Business owners that have declared personal bankruptcy can be eligible for a Kabbage loan if at least one year has passed since discharge. . SnapCap vs. Kabbage are just two of the many online lenders on which you need to do your due diligence.

Credit Scoring 52

Credit Scoring Credit and Collections Nonprofit Organizations Brokerages 52

Due

MARCH 28, 2023

These are only two unforeseen events that sparked a surge of bankruptcies. In 2008, the Great Recession put millions of Americans into the gutter. And by 2008, home prices plunged by 20 percent. Lastly, the unemployment rate is still a far cry from the labor market conditions in 2008-2009. By 2007, lenders had 1.3

Bankruptcy 75

Bankruptcy Brokerages Deductions Transactions 75