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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Department of Justice projects a substantial increase in bankruptcy filings. Trustee Program has estimated that bankruptcy filings will double over the next three years.

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EverChain Patents Universal Due Diligence System Providing Unprecedented Visibility Into Client Network

RMAi Blog

When I founded EverChain in 2012, the debt sale and placement marketplace for default debt portfolios was inefficient and flawed,” Matthew Wratten, Chairman and CEO of EverChain said. Over the last decade, we’ve rapidly introduced truly market-changing products and services.

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How Has Crypto Recovered from the Crash? The State of Crypto in 2023

Due

The trading platform Voyager filed for bankruptcy in July along with crypto hedge fund Three Arrows Capital. According to its bankruptcy filings from last year, Three Arrows Capital faced $3.5 For example, the period from 2012 to 2014 saw Bitcoin start trading at $13.28, rise as high as $1,237.55, and fall to around $687.

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Income-Generating Investments That Build Wealth During Retirement

Due

These are only some unfortunate events that led to bankruptcies and macroeconomic weakness. And they only had limited time and resources to recover from their bankruptcy. The average retirement length peaked in 2012 for men and in 2005 for women. Yet, the memories of their aftermath have remained remarkable. years and 23.8

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SnapCap vs. Kabbage: Which Lender Is Right for Your Business?

Fundera

On the other hand, SnapCap , which is owned by Lending Tree, was founded in 2012. Business owners that have declared personal bankruptcy can be eligible for a Kabbage loan if at least one year has passed since discharge. . That said, they can provide business owners with fast access to working capital at relatively affordable rates.

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Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

This ties into all the Covid startups and the lack of bankruptcies while stimulus funds were available. Commercial bankruptcies have only started to slowly tick up the past six months after 18 months of record lows. That’s why deposits at the bank were shrinking after growing by 86 percent in 2021.

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What Is a Good Credit Score, and Why Should You Care?

Fundera

Public record information, like judgments, collections, and bankruptcies. First: If you don’t already, start monitoring your credit score. Details on any delinquencies, like how many late payments you’ve made, how much you owed, and how recently they occurred (recent delinquencies affect your credit score more heavily than older ones). .