Pandemic Has Changed the Timing of Commercial Bankruptcy Filings
Did you know the first quarter of the year has become the most active time for commercial bankruptcy filings?
While in years past, the second quarter was the most active period for these filings, that’s changed since the COVID-19 pandemic. According to the American Bankruptcy Institute, more than 6,300 businesses filed for bankruptcy during the first quarter of 2021. And the number of first-quarter filings was even higher in 2020.
(See related article, “My Debtor Filed for Bankruptcy — What Should I Do?“)
Don’t Be Caught Unawares!
If one of your commercial debtors should file for bankruptcy, would you know how to protect your interests?
At CAB, our legal collections team is highly experienced in representing creditors’ interests in bankruptcy proceedings. We know the ins and outs of the U.S. Bankruptcy Code, and we will boldly pursue recovery of all monies to which you are legally entitled.
You don’t have to tame the Bankruptcy Beast on your own…Put the CAB team of recovery experts to work for you!
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American Bankruptcy Institute