Your Virtual Credit Manager
FEBRUARY 13, 2024
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.
Your Virtual Credit Manager
MARCH 21, 2023
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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Lendio
DECEMBER 13, 2022
Discount retail is the only industry to appear twice on the list of the top 10 S&P 500 stock performances from 2008 , a.k.a., During the 2008 recession, Walmart’s stock grew 20% and Dollar General’s increased 60%. It’s not just stock prices either—in 2008, Dollar General’s sales increased 9%. Bankruptcy Lawyers.
Due
MARCH 28, 2023
These are only two unforeseen events that sparked a surge of bankruptcies. In 2008, the Great Recession put millions of Americans into the gutter. And by 2008, home prices plunged by 20 percent. Lastly, the unemployment rate is still a far cry from the labor market conditions in 2008-2009. By 2007, lenders had 1.3
Due
MARCH 4, 2023
These are only two unforeseen events that sparked a surge of bankruptcies. In 2008, the Great Recession put millions of Americans into the gutter. And by 2008, home prices plunged by 20 percent. Lastly, the unemployment rate is still a far cry from the labor market conditions in 2008-2009. By 2007, lenders had 1.3
Due
APRIL 1, 2023
People tend to view recessions as years-long struggles, probably because of the collective shock that was the 2008 financial crisis. A recession is any significant decline in economic activity that lasts for a few months. Not to mention, the decade-long Great Depression left thousands homeless and destitute.
Fundera
JUNE 22, 2016
And then, in 2008, the Great Recession rocked the world. If it was tough for small business owners to access credit from banks before, then after 2008 it was nearly impossible. In September of 2015, all banks held a total of nearly $600 billion in small business loans—but in 2008, that number had been over $700 billion.
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