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Examples include: Bankruptcies. What to look for in public records: A Chapter 7 bankruptcy stays on your credit report for 10 years after it’s filed. On the hand, after seven years, a Chapter 13 bankruptcy can be wiped out. Bankruptcy records filed in federal districts. Public Records. Foreclosures.
According to a 2015 report by the Kauffman Foundation , those under 35 experienced the greatest negative % change—over -40%—in median net worth, based on data from 1996 to 2013. Shrinking Net Worth and Increasing Student Loans. From 2007 to 2014, the average outstanding loan per recipient increased from $18,233 in 2007 to $27,689 in 2014.
In 2014, the number of unicorns (companies valued greater than 1B) increased as much as 150 percent from 2013, according to CBInsights. This includes cases of shareholder disputes, contractual disputes, family law, bankruptcy and insolvency. “We Last year, there were 80 unicorns , and altogether, there are now 171 unicorns globally.
Bond Street was founded in October of 2013 to fill a void and service businesses that either couldn’t get approved for a bank loan or didn’t want to wait weeks for the funding to come through. One other important thing to know: if you’ve had a bankruptcy in the past 7 years, you will be ineligible for a loan through Bond Street.
Alternative lending is a fast-growing industry: approximately $3 billion in 2013 was lent through alternative channels, which was double that of 2012. And according to one report , online lending—which has a lot of overlap with alternative lending—will be dealing in $200 billion by 2025.).
Founded in 2013, BlueVine initially made a name for itself for offering invoice factoring, a unique form of financing that frees up working capital tied up in outstanding invoices. BlueVine can approve customers who have declared personal bankruptcy, as long as at least one year has passed since discharge. of their total revenue.
Founder Jenny Eu started making nut milks in 2013 in small batches, and sold them at local farmers markets. I always followed my heart and almost suffered bankruptcy as a result. She even bought a van second hand for $5,000 and delivered milk out of coolers in the back. I didn’t follow my books at the start.
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