ForwardAI

JANUARY 11, 2023

Data from 2017 shows that about 64% of SMBs surveyed suffered from delinquent payments and unpaid invoices across U.S.-based They risk losing their whole business waiting on an unpaid invoice, which contributes to a quarter of bankruptcies. based SMBs, totaling $825 billion at the time.

Small Businesses 52

Small Businesses Bankruptcy Transactions 52

Fundera

FEBRUARY 26, 2019

Then, they will carefully review the report for negative items, such as delinquent accounts, charge-offs , collections, and bankruptcies. Department of Justice also maintains a list of credit counselors who are approved to provide pre-bankruptcy advice. They collectively removed 10 million negative items from credit reports in 2017.

Credit Scoring 57

Credit Scoring Collector Credit and Collections Bankruptcy 57

Lendio

MARCH 15, 2023

Many of us know the unfortunate ending for Toys R Us, when the company filed for bankruptcy in 2017 and finally closed its last two retail stores in 2021. Plus, it set Toys R Us up to depend on Amazon, instead of setting up its own ecommerce website and adapting to the changing times.

Small Businesses 52

Small Businesses Bankruptcy 52

Fundera

DECEMBER 25, 2018

Even more, you might not know that M&T Bank is one of the top SBA lenders in the nation thanks to their track record of lending over $112,000,000 worth of SBA funding in 2017. In fact, M&T Bank was the number 8 SBA lender in the nation for 2017. A personal credit score of at least 600. At least a year in business.

Small Businesses 40

Small Businesses Credit Scoring Bankruptcy 40

tillful

NOVEMBER 22, 2022

For example, if you’ve been in business since 2017, but only registered in 2022, you wouldn’t qualify for loans that require at least two years in business (like SBA 7(a) loans, for example). This entity protects your personal assets from liability in the event of a business lawsuit or bankruptcy. Limited liability company (LLC).

Bankruptcy 40

Bankruptcy Deductions Small Businesses 40

Fundera

OCTOBER 7, 2019

However, there are typically three coverage parts, or “sides,” in a D&O insurance policy: Side A: Protects the personal assets of directors and officers (and their spouses) and pays for their legal defense costs in the event that the company can’t indemnify them (because it filed bankruptcy, for example). Business operating costs.

Insurance Companies 40

Insurance Companies Law Firms Bankruptcy Small Businesses 40

Fundera

SEPTEMBER 27, 2020

And although there are grants and other relief options available to help businesses, one of the most viable avenues toward recovery is by declaring bankruptcy. Bankruptcy is far from a death sentence for most businesses. That said, here is a list of the major businesses that have filed for bankruptcy due to COVID-19.

Bankruptcy 98

Bankruptcy Chapter 11 Small Businesses 98

Fundera

JUNE 8, 2018

Anit was a 2017 Tory Burch Foundation Fellow. I always followed my heart and almost suffered bankruptcy as a result. The business had some setbacks when Hurricane Irma hit Florida in the summer of 2017, but Lexi and her team of four employees regrouped and are doing better than ever now. I didn’t follow my books at the start.

Bankruptcy 111

Bankruptcy Small Businesses 111

Fundera

FEBRUARY 12, 2019

UHG’s revenue in 2017 was $201 billion , more than double that of Anthem. In 2017, they gained 1.1 Billions of dollars of claims related to the wildfires led the company to file for bankruptcy in January. This isn’t the first time the company has declared bankruptcy, and power should remain uninterrupted for customers.

Bankruptcy 75

Bankruptcy Insurance Companies 75

Fundera

MARCH 18, 2020

This franchise has opened over 2,000 restaurants, reported $9 billion in revenue in 2017, and is an industry leader in customer satisfaction. . Also, there should be no prior bankruptcy filings when they research your background. Chick-fil-A has accomplished impressive feats since their founding in 1946. Be Available for Training.

Credit and Collections 40

Credit and Collections Bankruptcy 40