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billion in 2029 at a compound annual growth rate CAGR of 3.2%, the forecasted growth can be attributed to the upswing of digital commerce, increased lending by financial institutions, increasing credit card usage, international debtrecovery, and expanded lending by financial institutions. From an expected value of $34.51
These unsecureddebts come in the form of payments for goods and services already received, royalties, commissions, or salaries. When a business starts skipping payments for these basic operational debts, it’s a major red flag that it’s in financial trouble. It’s a last-ditch effort to avoid a Chapter 7 liquidation bankruptcy.
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