|
|
In a time of rising interest rates and oil prices, bankruptcy questions often cross our minds.
Small business owners have loans and mortgages; clients have loans and mortgages; and clients tighten their budgets and cut costs wherever possible. This leaves many small businesses and sole proprietors at risk, especially if you do not have an emergency fund (or it has already run out) to fall back on in tough times. Read the rest of this entry »
This goes for any recession at any time. Herewith, some wisdom:You know that great natural cycle referred to as the “circle of life”? It works that way with money, too. The business world runs in cycles. Stock markets go boom and bust, commerce speeds up and slows down with the seasons, and an economic peak is chased by an economic depression. Deep down, all of the business big-wigs know this. They’re just reluctant to admit it, because they’d rather pretend that an endless time of prosperity is possible. Read the rest of this entry »
The following are Top Five News on Recession that might as well serve as symptoms that you are on your way to bankruptcy during recession.
A Drawn Out and Painful Recession
The US economy is reportedly entering a recession that is expected to be more drawn out and painful than other usual downturns. Read the rest of this entry »
