No one wants to see one a customer file for bankruptcy. Not only does it mean potential lost revenue, but it also creates a series of headaches if you hope to get paid at all. While there are many types … Read More »
As a business owner, you always hope your customers will be financially stable and able to pay. Unfortunately, some customers will end up filing for bankruptcy. This can be a stressful time, especially if it was one of your more … Read More »
You have gone through the in-house debt collection processes set into place, and maybe even involved a third party collection agency. Then, you receive that letter informing you that your client has filed for bankruptcy. What happens next? Unfortunately, with … Read More »
The IACC reports that, according to data from Epiq Systems, Inc., total US bankruptcy filings in October increased 16% when compared to September. Commercial filings were up 19% from 4,029 filed in September to 4,780 in October. Commercial chapter 11’s … Read More »