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Selling bankruptcy claims: "become empowered through technology". (Business Credit Selected Topic).

Business Credit

| February 01, 2003 | Larratt-Smith, Sandra A. | COPYRIGHT 2003 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

With the prolonged downturn in our economy, business filings for bankruptcy are continuing at a seemingly unstoppable rate. According to the Administrative Office of the U.S. Courts, new bankruptcies filed during the third quarter of 2002 and for the past 12 months broke records again. Filings for Chapter 11 increased over 11 percent from 2,442 in 2001 to 2,717 in 2002. (1)

Credit executives will be tested once again, as they have been since the late 80s, to determine a prudent approach for handling their bankrupt receivables. Fortunately, among the major differences between then and now are the many technological resources that the credit executive can utilize ...

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Source: HighBeam Research, Selling bankruptcy claims: "become empowered through technology"....

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