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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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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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Your Customer Filed for Bankruptcy: Now What?

Your Virtual Credit Manager

Commercial bankruptcies began rising earlier this year after an unprecedented lull during the Covid crisis. Historically, bankruptcies have tended to peak after an economic crisis has passed and that appears to be what is happening now. When a customer files bankruptcy, it immediately stops any payments coming from them to you.

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Byju’s Former Manager Seeks Dismissal of Chapter 11

Reorg Blog

Byju’s Former Manager Seeks Dismissal of Chapter 11; Claims Bankruptcy Filed To Gain ‘Litigation Advantage'.

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Akumin Prepackaged Chapter 11 Would Slash $450M in Funded Debt

Reorg Blog

a Plantation and several affiliates filed for chapter 11 on Sunday, Oct. 22, in the bankruptcy court for Southern District of Texas. Akumin Inc.,

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Audacy Prepares for Potential Chapter 11 Filing

Reorg Blog

Reorg reported that Americas second largest-radio broadcaster Audacy’s plans to file for bankruptcy. Learn more.

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Rite Aid Mulls Bankruptcy Filing to Handle Opioid Liabilities

Reorg Blog

Rite Aid is considering a chapter 11 bankruptcy filing to address liabilities related to its involvement in opioids.