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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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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Likewise, the construction and business services industries, accounting for nearly 20 percent of insolvencies last year, are projected to remain the hardest hit in 2024. Fitch Ratings forecasts U.S.

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LSQ Creates $3MM Invoice Finance Facility for N.J.-based Aerospace Manufacturing Firm

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May 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an aerospace manufacturer based in New Jersey. ORLANDO, Fla. The company was referred to LSQ by a former client.

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LSQ Creates $2MM in Invoice Finance Facilities for N.Y.-based Software Companies

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May 6, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated twin $1 million accounts receivable finance facilities ($2 million total) for sister software firms offering access management SAAS solutions for numerous industry verticals. ORLANDO, Fla.

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LSQ Creates $3.5MM Invoice Finance Facility for Hospitality/IT Staffing Firm

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May 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million accounts receivable credit facility for a staffing firm specializing in hospitality and IT. ORLANDO, Fla. The company was referred to LSQ by a bank partner.

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LSQ Creates $20MM Invoice Finance Facility for Ohio-based Aerospace Tooling Manufacturer

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April 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $20 million account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer. The company was referred to LSQ by a wealth management advisor. ORLANDO, Fla.

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There's Nothing Good about Extended Payment Terms

Your Virtual Credit Manager

In addition, extended terms increase your exposure to customer bankruptcies and the resulting non-payment. To continue reading and learn 6 things to consider when confronted with a request for extended payment terms, as well as how to combat Payment Timing Optimization, you need to be a paid subscriber to Your Virtual Credit Manager.