Lessons for Trade Creditors from Recent Bankruptcies
Your Virtual Credit Manager
APRIL 23, 2024
Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. Despite efforts to negotiate with creditors, Hertz filed for Chapter 11 bankruptcy protection in May 2020. Facing liquidity constraints and a strained retail environment, J.Crew filed for Chapter 11 bankruptcy protection in May 2020.
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