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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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Getting a Business Loan After Bankruptcy

Lendio

Whether you’ve gone through a personal or business bankruptcy, lenders will consider past bankruptcies when making a loan decision. This post will cover common questions about bankruptcy and how it impacts your loan application. Can you get a business loan after bankruptcy? Bankruptcy policy will vary by lender.

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Can You Include Tax Debt in a Bankruptcy?

Credit Absolute

Bankruptcy has helped many people who have […] The post Can You Include Tax Debt in a Bankruptcy? People may complain about student loans, credit cards, and rent or mortgage payments, but their tax debt can be just as much of a headache. appeared first on Credit Absolute.

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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.