Spot Bankruptcy Exposure Before It Strikes
Unearth critical data on customers, suppliers, competitors, and financial interests to safeguard your business from risk.
* No credit card required * 3 day free access
Impacted Business
| Impactedd Business | BKWire Zone | City | State | Corporate Bankruptcy | Loss |
|---|
Ferrari
Orange, LA
Details
Loss information
Case Petition
Unsecured Creditors Exposed
Unlock Hard-to-Get Data to Protect Profits and Seize Opportunities
Unsecured creditor data from corporate bankruptcies is notoriously difficult to access, leaving businesses vulnerable to financial losses. BKwire changes that by delivering thousands of unsecured creditors daily in a clear, intuitive dashboard. With details on affected companies, claim amounts, and case specifics, you can quickly identify risks in your network and uncover strategic opportunities, safeguarding your bottom line with confidence.
Quick Insights on Unsecured Creditors
Unsecured creditors, such as trade suppliers and service providers, face heavy losses when a major customer goes bankrupt. Industry data shows trade creditors typically recover less than 20%, as they rank below secured lenders like banks in repayment priority. In high-profile cases like Forever 21’s March 2025 bankruptcy filing, mid-sized apparel suppliers suffered severe cash flow disruptions, with ripple effects hitting supply chains from textile producers to logistics firms. BKwire provides clear, aggregated data on affected businesses, helping you identify trends and protect your operations from similar risks.
Quick Insights on Unsecured Creditors
Unsecured creditors, such as trade suppliers and service providers, face heavy losses when a major customer goes bankrupt. Industry data shows trade creditors typically recover less than 20%, as they rank below secured lenders like banks in repayment priority. In high-profile cases like Forever 21’s March 2025 bankruptcy filing, mid-sized apparel suppliers suffered severe cash flow disruptions, with ripple effects hitting supply chains from textile producers to logistics firms. BKwire provides clear, aggregated data on affected businesses, helping you identify trends and protect your operations from similar risks.
Key Statistics on Bankruptcy Impacts
94% of companies reported negative revenue impacts from supply chain disruptions in 2025. For every $1 in sales lost by an impacted firm, customer firms lose an average of $2.40 due to amplification effects. Large corporate bankruptcies surged in 2024-2025, driving ripple effects through supply chains. Global supply chain disruptions, including insolvencies, cost $184 billion yearly.
Why Follow Impacted Businesses? Mitigate Devastating Risks ASAP
Major customer insolvency is a top trigger for financial distress, crippling cash flow and leading to 25% of company failures. BKwire tracks unsecured creditors with daily updates, enabling immediate risk mitigation and proactive protection.
Keep a Close Eye on Customers
Leverage BKwire’s unsecured creditor data to receive alerts if a customer suffers a large loss in a bankruptcy, enabling you to renegotiate terms or collect outstanding payments before further exposure.
Supplier Troubles
Spot when a key supplier is listed as an unsecured creditor in another’s filing—signal of their distress—enabling you to source alternatives swiftly and prevent production halts.
Competitor Taking a Large Loss
Identify competitors weakened as unsecured creditors, creating opportunities to capture market share, acquire assets, or adjust pricing strategies while they’re vulnerable.
Find Your Next Opportunity with BKwire
shine—use BKwire’s compelling data to uncover acquisition targets, pitch tailored financial products, or secure new clients in need of financing and risk management solutions.
Real Case Study: Viz Cattle Corporation in Harvest Meat Company Bankruptcy
In the recent Chapter 11 bankruptcy of Harvest Meat Company (filed May 5, 2025, Texas Northern Bankruptcy Court,), Viz Cattle Corporation (d/b/a SuKarne) filed a proof of claim for $1,510,373.16 as an unsecured creditor. This significant bad debt illustrates the devastating impact on supply chain companies, where a meat distributor’s insolvency leaves suppliers like Viz Cattle facing substantial losses.
Key Metrics and Impact (Hypothetical Scenario Based on Typical Food Industry Figures)
Bad Debt Loss
$1,510,373.16 (unpaid invoices from the bankrupt debtor).
Gross Margin
15% (common in meat supply and distribution, where margins are tight due to commodity pricing).
Additional Sales Needed
$10,069,154.40 (sales required to recover the profit loss, calculated as Loss ÷ Gross Margin).
Days Sales Outstanding (DSO)
20 days (quick collection cycles in perishable goods but high exposure to defaults).
Accounts Receivable Turnover
18.25 times per year (365 ÷ DSO), approximated to 18 times as per industry averages
Annual Sales Represented by Loss
$27,564,310.17 (the sales volume tied to the lost receivables, calculated as (Loss ÷ DSO) × 365).
Access daily insights on impacted creditors
Other Features
Corporate Bankruptcies
See which companies are filing, track court updates, and uncover exposure instantly.
BKwire Watchlist
Stay alert by tracking the entities that matter most to your business or portfolio.
BKwire Zone
Use one dashboard for all your saved filings, alerts, searches, and watchlists.
Bankruptcy Petition
Access full petitions to uncover assets, liabilities, and debt details.
Advanced Filters
Narrow your view with multi-layer filters for credit, legal, and risk teams.
BKwire News
Get curated headlines tied to real-time bankruptcy cases.
Data Exports
Export ready-to-use data that fits into reports, BI dashboards, or audits.
Creditor Matrix
View full creditor lists per case (claim roles, amounts, or overlaps).
Power Search
Search filings with multi-field logic, from debtor and court to creditors.