All Posts

Parker, a YC-backed fintech offering corporate credit cards for e-commerce businesses, filed Chapter 7 Bankruptcy after raising $200M+.

There was an increase in Bankruptcy Filings in 2025, and we expect to see a continued increase in both consumer and commercial filings in 2026.

If you know what Credit Suite does and how well-known Ty Crandall is for offering services related to business credit and financing, then the irony of their bankruptcy filing is off the charts.

“We continue to see strong demand from both consumers and businesses seeking bankruptcy protection... Overall volumes are steadily climbing back toward pre-pandemic levels,” said Michael Hunter, VP at Epiq AACER.