source for article: Fox Business.com, Thursday, August 14, 2008, by Elizabeth Wilson
With a credit crunch and many banks tightening up or eliminating lines of credit, it’s important for business owners to maintain a steady cash flow. Here are five ways experts say you can start the process:
Diversify your revenue stream. Relying too heavily on one [...]
As commerical loans become harder to find, small business owners give in to aggressive credit card marketers and get slammed with 30% interest rates
source for this article: Business Week, August 20, 2008 by John Tozzi
The 30% interest rate on their small business credit card shocked James and Heather Hills enough to stop using it entirely [...]
Source: 8/18/08 Dow Jones Daily Bankruptcy Review
Credit ratings agencies said that the number of companies most at risk of defaulting on their debt has soared this summer as consumers cut spending and the credit crisis hammers troubled companies, Dow Jones Daily Bankruptcy Review reported yesterday. At the end of July, 63 companies carried the weakest [...]
Banks Keep Tightening the Vice
source for article: The Watch List Newsletter, August 2008, by Mark Heschmeyer
A large number of domestic lending institutions reported to the Federal Reserve Board that they have tightened their lending standards and terms on all major loan categories in the past three months.
In addition, a number said they expected to continue [...]
source for article, The Philadelphia Inquirer, August 10, 2008 by Maria Panaritis
It illustrated the perils for businesses that borrowed heavily during boom times.
The whispers had been growing for weeks, if not months, and only intensified after the Boscov’s Department Store L.L.C. filed for bankruptcy protection last week.
This is just the beginning, the lawyers, investors and [...]
Source for article: Business Week, August 11, 2008 by Pallavi Gogoi
Changes in the law have sharply reduced retailers’ ability to reorganize, driving many to liquidate quickly
On Feb. 19 the electronic gizmo retailer Sharper Image filed for Chapter 11 bankruptcy protection. As part of its court filing, Sharper Image management committed to its lenders to close [...]
Source for Article: Business Week, August 1, 2008 by Ricky McRoskey
It’s hard to get traditional loans these days. But as banks tighten their purse strings, hedge funds are offering asset-based loans to small companies.
In early 2008, Jim Gee hit an impasse. Over the previous five years, Gee had been expanding Trinity Communications, a small cable-TV [...]
source for article: Reuters, July 31 by Emily Chasan
INTERVIEW-Weil Gotshal sees few sectors immune to bankruptcy
* Breadth of bankruptcy filings surprising
* Sharp uptick in distressed companies seen since June
* Years before troubles are resolved. No end in sight
NEW YORK, July 31 (Reuters) – The combination of a weak economy and tighter credit is roping more sectors [...]
source for article: Business Week, May 6, 2008 by John Tozzi
Tighter credit, rising commodity prices, and slipping sales aren’t slamming just Wall Street; now small businesses are getting hit
More businesses filed for bankruptcy in April, 2008, than in any month since new bankruptcy laws took effect in 2005, according to a company that tracks federal [...]
[ July 31, 2008 to August 2, 2008. ]
4th Annual Mid-Atlantic Bankruptcy Workshop
Hyatt Regency, Chesapeake Bay
Cambridge, MD
July 31 – August 2, 2008
An extraordinary Eastern Shore experience awaits you at the Hyatt Regency Chesapeake Bay Golf Resort, Spa & Marina. Beautifully situated on the banks of the Choptank River, the 400-acre Cambridge hotel provides a relaxing and comfortable experience for you and your family.
The [...]
