In March, there were a total of seven new bankruptcies, including Venoco Inc. Venoco is a private company that is heavily oil-weighted with assets located offshore and onshore in Southern California. Venoco’s filing listed that it had $1.28 billion in debts, 71% of which are unsecured. ...
creditworthinessoftheborrower.Themajorreportingagenciesare Experian,Equifax,andTransUnion.Yourcredithistoryisasummaryof personalandemploymentinformation,inquiriesintoyourcredithistory, andanybankruptcies,lawsuits,andliens.Yourcredithistorycancontain anaccountingofhowwellyoupayoffyourrent,utilitiesandloan ...
In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemploym...