Few corporate stories are as dramatic or as instructive as Kodak’s. Once the unquestioned leader of the photography world, Kodak filed for Chapter 11 bankruptcy in 2012 after struggling to adapt to the digital revolution. Many believed the company’s legacy was finished. Yet a decade later, Kodak film is not only back on shelves but…
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In business-to-business credit environments, companies must navigate a complex landscape of regulations, financial risks, and operational challenges. Two industry terms often misunderstood, yet highly influential, are Right of Offset / Setoff and Skip Tracing. While these tools operate in very different ways, both play a critical role in commercial debt collection, credit risk mitigation, and…
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While economic uncertainty and inflation continue to challenge U.S. businesses, there’s one bright spot on the horizon: younger shoppers. Analysts predict that Millennials and Gen Z consumers will keep spending through the 2025 holiday season, providing a temporary lift to retail and e-commerce sectors. But for B2B suppliers, wholesalers, and service providers, that optimism comes…
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As November arrives, many businesses shift their focus from Q4 sales targets to year-end financial reviews. For B2B companies, this month is the strategic sweet spot, the time when financial teams can still influence the closing year and prepare for next year’s budget. cash flow statements, accounts receivable reports, outstanding invoices, and credit exposure all…
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Americans are carrying more credit card debt than ever before, with balances surpassing $1.3 trillion in 2025 according to data from the Federal Reserve. As household budgets tighten, delinquency rates are climbing, signaling financial strain that could ripple across industries. For businesses, this trend means more than consumer hardship; it signals a potential rise in…
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The U.S. federal government shutdown has entered its second week, and uncertainty is mounting across the nation. For the first time in years, agencies are preparing not only for furloughs but for potential layoffs. The financial implications stretch beyond Washington, affecting contractors, local businesses, and industries that depend on predictable cash flow. For debt collection…
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Artificial intelligence is no longer just supporting banking; it’s increasingly taking on agentic roles, making decisions, initiating actions, and shaping outcomes. While these technologies promise efficiency and innovation, they also raise significant challenges and ethical questions. For financial institutions, striking a balance between the benefits of agentic AI and the responsibilities of compliance and fairness…
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Late-Stage Credit Delinquencies on the Rise: What It Means for Businesses and Consumers Late-stage credit delinquencies, accounts 90 days or more past due, are on the rise across the U.S. This trend signals not only increased financial strain for consumers but also heightened risk for creditors and businesses. Understanding why delinquencies are climbing and how…
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Debt is stressful enough without adding miscommunication or silence into the mix. When communication bottlenecks occur—whether between debtors and collectors, or inside a business’s accounts receivable team—it slows down repayment, increases misunderstandings, and creates frustration on both sides. Understanding what causes communication bottlenecks in debt situations and how to fix them is the key to…
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Discover how business bankruptcies impact commercial debt collection and what steps creditors can take to minimize losses. Learn key preventive strategies and explore real bankruptcy trends in this detailed guide by Burt and Associates.
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