Bankruptcy

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Many credit pros are experiencing more preference claims than in the past. A preference claim occurs when you, the creditor, receive a demand on behalf of a bankruptcy estate for repayment to that

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By Scott Cargill, Esq. In recent years, many organizations have delegated responsibility for filing proofs of claim in bankruptcy cases to either their collection departments or in-house legal staff.

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It’s every credit manager’s nightmare: a declaration of bankruptcy or insolvency by one of your company’s major customers. However, when the customer declaring bankruptcy is in another country,… Read More
For credit managers, this challenges traditional models of identifying bankruptcy risk. This also occurs as more credit pros are being tasked to aid procurement and finance in detecting warning signs… Read More

By John Salek Have you been stung recently by a sudden bankruptcy filing of a customer that was not severely past due? If so, you are not alone. BankruptcyData.Com reported 9 bankruptcies of firms

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Bankruptcy is a common phenomenon in our country; it's even written into the U.S. Constitution. Financial trouble can surprise anyone, from toy makers to hospitals. It shouldn't come as a bombshell,

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U.S. commercial bankruptcies have trended significantly downward over the last few years, and for 2014 are on track to reach levels not seen since before the Great Recession (see Figure 1). However,

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