academy.highako.com
Open in
urlscan Pro
13.225.78.3
Public Scan
Submitted URL: https://ctxbs04.na1.hubspotlinks.com/Ctc/GE+113/cTXbS04/VW1Pcq1b_NhBN5Lc61Vlq9nnW6B8lDm4R5p_DN4xH9dk5mVyLV3Zsc37CgL-qW2LQ44G6Ltys1Vw2...
Effective URL: https://academy.highako.com/bankruptcy-filings-increased-in-august-could-this-be-the-start-of-a-wave-or-a-tsunami/1379230?ut...
Submission: On October 14 via manual from SG — Scanned from DE
Effective URL: https://academy.highako.com/bankruptcy-filings-increased-in-august-could-this-be-the-start-of-a-wave-or-a-tsunami/1379230?ut...
Submission: On October 14 via manual from SG — Scanned from DE
Form analysis
1 forms found in the DOM<form data-hs-cf-bound="true">
<p style="background-color: #112440;"><iframe id="iframeFooterBlogDetail" style="background-color: #92a8d1;" src="https://resources.highako.com/dev-test-newsletter-0-0" width="100%" height="520rem" frameborder="0"></iframe></p><button
class="home-buttton" style="border-color: #fc7500; color: #fc7500; background-color: white;" formaction="https://academy.highako.com/page/blog"><span aria-hidden="true">← Go back to Blog Home</span></button>
</form>
Text Content
Skip to main contentEnable accessibility for visually impairedOpen the accessibility menu Login Successful YOUR LOGIN IS SUCCESSFULL, PLEASE CLICK HERE TO STAY SIGNED IN EXPLORE SKILLS * TOP 10 SKILLS * A/R Frauds and Laws * Financial Statement Analysis * Collection Call Negotiations * KPIs and Reporting * Credit Policy * Portfolio Analysis * Big-Box Deductions * Credit Scoring * Cash Reconciliation Log In Sign In * Resources Content Hub Unlimited resources on your fingertips Content HubRole Specific Curriculum Pages Blogs Assessments Recorded Workshops Downloads Checklists Ebooks Events Community Benchmarking Benchmarking menu BenchmarkingSalary Survey Guides Brush up on the essentials skills GuidesFinancial Statement Analysis Assessing Creditworthiness Credit Policy Portfolio Analysis Credit and Collection Laws Collection Call Negotiations Cash Reconcilliation Big-box Deductions KPIs and Reporting UCC, Liens, and Factoring Cash Forecasting ERP Training Best of the Rest Highlights on Highako Best of the RestNew on Highako? Start Your Journey Skill Assessments Explore Topic of the Month Sign Up Now! Login Customer stories Bill Lehmann, Director, Credit, Hewlett Packard Enterprise I was really impressed with what I saw of Highako at Radiance. I plan on introducing highako.com to our 300 member team as a part of our training curriculum. * Curriculum Tailor Your Learning Plan Filter courses based on your role Tailor Your Learning PlanCredit Analyst Collections Analyst Credit Manager A/R Manager Deductions Manager Treasury Director of Credit Skills Master essentials skills Skills Financial Statement Analysis Assessing Creditworthiness Credit Policy Portfolio Analysis Credit and Collection Laws Collection Call Negotiations Cash Reconcilliation Big-box Deductions KPIs and Reporting UCC, Liens, and Factoring Cash Forecasting Hiring and Training Staff Your ERP Corner Filter courses based on your role Your ERP CornerSAP Credit Oracle Credit Netsuite Credit and Collections Dynamics 365 Credit and Collections SAP Collections Oracle Collections Customer stories Disha Sawlani, Credit Risk Specialist, Acer Europe SA Highako University is doing a great job of curating courses that address the needs of all credit professionals regardless of job responsibility - they even deliver ERP specific content. They are setting the standard for collections and A/R related training. The content of their courses is vast and is delivered by well-established experts in the field. * Blogs * Community * Membership Seattle Fall Forum - Networking Event for Credit Execs Register Now BANKRUPTCY FILINGS INCREASED IN AUGUST: COULD THIS BE THE START OF A WAVE OR A TSUNAMI? Course Overview BANKRUPTCY FILINGS INCREASED IN AUGUST: COULD THIS BE THE START OF A WAVE OR A TSUNAMI? Case Study Bankruptcy Filings Increased in August: Could This Be the Start of a Wave or a Tsunami? September 29, 2022 | 5 Min Read Editor www.highako.com -------------------------------------------------------------------------------- The News is Ominous, But Not Unexpected Since the onset of the pandemic, bankruptcy filings have been suppressed, in large part by the COVID Relief funds distributed by governments around the world. Now, according to a September 1, 2022, press release from Epiq Bankruptcy, US bankruptcy filings across all chapters registered month-over-month increased in August. Specifically, bankruptcy filings rose in August 2022 by 10 percent over the August 2021 total. At the same time, commercial filings increased 6 percent in August 2022, compared to August 2021. Most notably, Chapter 11 filings increased 81 percent, totaling 466 filings in August 2022 compared to 257 registered in July. Small business filings, and subchapter V elections within Chapter 11, increased by 41 percent as well. “New bankruptcy filings in August clearly show momentum in the market,” said Chris Kruse, senior vice president at Epiq Bankruptcy, we also see increases in new Chapter 7 filings in August. We expect this trend to continue as the U.S. exits the summer and marches toward the fourth quarter.” “Financially distressed households and companies are experiencing expanding debt loads amid rising interest rates, inflation, and supply chain concerns,” said ABI Executive Director Amy Quackenboss. “Though still at historically low numbers, the increase in bankruptcy filings in August points to more families and businesses looking for a path to alleviate mounting financial challenges.” Seven Bankruptcy Resources In light of the above news, credit professionals should be prepared to encounter a rising number of bankruptcy filings. In the past, the tendency has been for consumer bankruptcies to bump up first, followed by commercial filings. So far, the pandemic has seemingly broken all the rules, and with inflation mounting along with expectations for a post-Covid recession -- if not already started -- it is anybody's guess if the past will again be prologue. Whether bankruptcy filings peak sooner or later, and whether this is the start of a wave or a tsunami, nobody knows. To help you manage through these difficult times, Credit Today has compiled a list of Bankruptcy Resources. We trust these will help you with monitoring individual bankruptcies, tracking filing deadlines, trend watching, legal insights, and more. 1. ABI: The American Bankruptcy Institute is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with an unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists, and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abi.org. For additional conference information, visit http://www.abi.org/calendar-of-events 2. Bankruptcy Law360: This is a daily newsletter that lists major new bankruptcy filings, news about chapters 7 and 11, and expert analysis of bankruptcy issues. Access to the articles requires a paid subscription, but there is no charge to get the newsletter, which contains a headline and short summary that in most cases provides enough information for a successful Internet search. You can check it out at https://www.law360.com/bankruptcy 3. BankruptcyWatch: This is a PACER (see below) replacement that's comprehensive, organized, and easier to use. Its products combine machine learning and custom PDF mining to streamline PACER tasks. Here's the website https://www.bankruptcywatch.com 4. BK Data: This site was built expressly for bankruptcy attorneys, but with access requiring a modest monthly fee, may be useful to commercial creditors that incur a large number of bankruptcies as well. It provides debtor demographics and case details, a Court Calendar, unlimited filed and discharged reports, and more. The website is at https://bkdata.com 5. CB Insights: Their stated mission is to “enable every organization to make smarter decisions about tech.” As such, they provide insights across a wide spectrum of industries. This past July, they published a list of 139 bankruptcies in the retail sector that discusses why they failed. You can access it at https://www.cbinsights.com/research/retail-apocalypse-timeline-infographic 6. Epiq Bankruptcy: They advertise themselves as the most complete, accurate, and timely bankruptcy dataset. Built with advanced technology and industry-leading data built around 36 million cases, they offer products and services that help you ensure accuracy, protect reputation, maximize recovery, gain insight, enable scale, and improve case outcomes. You can find their website at https://bankruptcy.epiqglobal.com 7. New Generation Research: NGR is a provider of corporate bankruptcy and distressed securities publication, products, and services that include: * * * * BankruptcyData: This research platform is built around an extensive database of business bankruptcy information. It streams dockets from the U.S. Bankruptcy Court and adds commentary when the bankrupt company has public equity or debt, a high profile, or liabilities in excess of $50MM. In addition, they publish year-end reviews of corporate statistics and court information - the 2020 Review is available at no charge. This service also provides complementary U.S. Court and Bankruptcy Trustee Directories, a history of bankruptcy, and a glossary of bankruptcy terms. Save money on PACER fees. * Bankrupt Company News: This WordPress Blog provides registered users with research and reporting from BankruptcyData. 8. PACER: This is the US Judiciary's public access portal (Public Access to Court Electronic Records) and is the source of much of the public record information contained in the commercial databases on this list. It contains records for US bankruptcy, and District and Appellate Courts. Searches can be narrowed down by the court, case number, case title, case type, region, and status. It can be accessed at: https://pacer.uscourts.gov Source: Bankruptcy Filings Increased in August: Could This Be the Start of a Wave or a Tsunami? Explore All Courses > -------------------------------------------------------------------------------- Editor www.highako.com Highako.com is a video-first microlearning platform trusted by over 10,000+ Credit and Collections professionals. Drive skill growth with role-specific, expert video lessons. Measure practical expertise through hands-on assessments. Connect and collaborate with the largest credit community and get access to ready-to-use templates. * Checklist * Tip of the Week * Case Study * Explainer * Interview * Download Related Blogs Explainer 10 Min Read 16 VITAL STEPS TO PREPARE FOR CUSTOMER BANKRUPTCY FILINGS Explainer 10 Min Read A COMPLETE CHECKLIST ON BANKRUPTCY WARNING SIGNS FOR DRIVERS Explainer 10 Min Read TOP FIVE STRATEGIC PLANNING MISTAKES CREDIT MANAGERS SHOULD AVOID ← Go back to Blog Home Bankruptcy Filings Increased in August: Could This Be the Start of a Wave or a Tsunami? Complete Open Modal × Please ensure Javascript is enabled for purposes of website accessibility Please ensure Javascript is enabled for purposes of website accessibility Please ensure Javascript is enabled for purposes of website accessibility By continuing to use this website, you agree to our cookie & privacy policy. Ok load font