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Your Customer Filed for Bankruptcy: Now What?

Your Virtual Credit Manager

Even though the economic headwinds are moderating, now is not the time to become less vigilant from a customer credit perspective. Commercial bankruptcies began rising earlier this year after an unprecedented lull during the Covid crisis. When a customer files bankruptcy, it immediately stops any payments coming from them to you.

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RMAI Update May 2023

RMAi Blog

Nat’l Credit Sys. , 26, 2023) A consumer filed for Chapter 7 bankruptcy, listing past-due rent he owed, and was subsequently granted a discharge. Credit Corp Solutions Inc. Credit Management Corporation D1AL InDebted Kino Financial Co., 21-3131, 2023 U.S. LEXIS 10237 (7th Cir.

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