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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. Department of Justice projects a substantial increase in bankruptcy filings. Trustee Program has estimated that bankruptcy filings will double over the next three years.

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RMAI Launches New Educational Resource, An Overview of Bankruptcy for the Accounts Receivables Management Industry

RMAi Blog

March 1, 2023: Receivables Management Association International (RMAI) is pleased to launch another new educational resource for the accounts receivables management industry, An Overview of Bankruptcy for the Accounts Receivables Management Industry. More information about RMAI is available at www.rmaintl.org.

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UPDATE 1: SmileDirectClub Preparing for Potential Bankruptcy Filing

Reorg Blog

SmileDirectClub is preparing a potential bankruptcy filing as the teeth alignment service provider faces a liquidity shortfall.

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Buying a Car Following a Bankruptcy Filing

Credit Absolute

Personal and business bankruptcy filings rose 10 percent in the twelve-month period ending June 30, 2023, compared with the previous year. Non-business bankruptcy filings rose 9.5 percent to 403,000, compared with 367,886 in the previous year.

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Purdue Pharma Bankruptcy Industry Update

Reorg Blog

An opinion arising out of the Purdue Pharma bankruptcy, the U.S. Court has upheld bankruptcy courts’ authority to approve nonconsensual third-party releases.

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Life After Bankruptcy: 6 Steps to Bouncing Back

Credit Absolute

Taking steps to rebuild your life following a bankruptcy – including your finances, credit rating, and emotional well being – can often feel like a daunting task.