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Chapter 7 Credit Sales Bankruptcy Credit Management Credit Application Accounts Receivable (AR) Credit and Collections Credit Risk Credit Scoring Default More Related Topics >
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Your Customer Filed for Bankruptcy: Now What?

Your Virtual Credit Manager

AUGUST 1, 2023

Confirm that the bankruptcy has actually been filed with the bankruptcy court, and which type (usually Chapter 7 liquidation, Chapter 11 reorganization, or Chapter 13 if an individual is operating as a sole proprietor). Once the bankruptcy filing has been confirmed, halt all collection efforts and contacts immediately.

Bankruptcy 130
Bankruptcy Chapter 11 Chapter 7 Bad Debt 130
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Are There Hidden Risks in Your AR Portfolio?

Your Virtual Credit Manager

MARCH 26, 2024

In February, Epiq Bankruptcy reported that commercial Chapter 11 bankruptcy filings climbed 118 percent year-over-year. About 25 years ago, a credit manager I know saved his company from a seven-figure bad debt loss by monitoring the Internet on his biggest customers. A Case in Point.

Bankruptcy 130
Bankruptcy Bad Debt Credit Scoring Chapter 11 130
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