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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.

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How to Recover From Business Credit Card Debt

Fundera

As of March 2018, business owners had $50 billion of outstanding credit card debt. No one wants to—nor should—go straight to filing bankruptcy. It’s also a better alternative than declaring bankruptcy to preserve your credit. Declare bankruptcy. Filing for bankruptcy should be—and is—a last-resort option.