Posts Tagged ‘bankruptcy’
1/29/24: Us Bankruptcies Surged 18% in 2023 and Seen Rising Again in 2024
(Reuters) – U.S. bankruptcy filings surged by 18% in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although insolvency case volumes remain well below the level seen before the outbreak of COVID-19. Total bankruptcy filings – encompassing commercial and personal insolvencies…
This Is Merely the Very Beginning. This Year, at Least 21 Spac-Listed Companies Declared Bankruptcy, Wiping Out a Total of $46 Billion in Equity. Coming: The Mother of All Crashes Coming
0 HNewsWire: A wave of bankruptcies and corporate defaults can be imminent as US corporations are being battered by rising loan rates. Experts caution that as high interest rates have an adverse effect on both consumers and businesses, it may increase the likelihood of a recession. As of the end of August, 459 businesses had…
Bankruptcy Tsunami Begins: Thousands Of Default Notices Are “Flying Out The Door”
Two weeks ago, when showing the uncanny correlation between defaults and the unemployment rates, we predicted that the number of Chapter 11 filings that is about to flood the US will be nothing short of biblical. All that was missing was a catalyst… and according to Bloomberg that catalyst arrived in the past week or…
The Collapse of Wall Street Lunacy: Wework Company Founded by Delusional Hype Artist May Soon Have to File for Bankruptcy
Nine years ago, the founder of the WeWork Company promised to “elevate the world’s consciousness.”The delusional hype artist, Adam Neumann, has been abruptly terminated, as the company’s initial public offering continues to implode. The failure of this company is a microcosm of the disaster waiting to happen with Wall Street. With a successful IPO, WeWork would…
Trust used to be a word associated with banks,not anymore!
The loss of the family home through foreclosure or bankruptcy can be a time of blessing for the family, a time when parents and children “close ranks” and become more keenly aware of their love for one another and the important things in life—faith, family and community—and less focused on material things that have no…