Corporations have been increasingly defaulting on debt, with many businesses are struggling to maintain revenues and liquidity. Sometimes businesses aren’t prepared for market changes or a slump stretches longer than it should have, causing them to fall further into debt as bills pile up. Banks can … [Read more...]
How Businesses Use Corporate Debt Restructuring for Liquidity
What to do When You’re Served Papers for a Debt
U.S. businesses have a mounting debt. Forbes estimates large companies with nonfinancial corporate debt account for 48% of the country’s GDP at $10 trillion. Small- to medium-sized businesses account for another $5.5 trillion, bringing the total to 74% of the U.S. GDP. Adding to the problem is a … [Read more...]