(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…
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…
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…
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…
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…
