This crisis, however, has yet to roll over into a second wave of consumer bankruptcy filings, with fewer than 40,000 reported in April – a ten-year low for the month.
Per data from the Bureau of Labor Statistics and American Bankruptcy Institute, there is a near-perfect correlation between the quarterly individual bankruptcy and unemployment rates since 2006. Considering the current drastic unemployment spike, a bankruptcy surge is almost certain to follow. During the Great Recession, many lenders turned off access to credit like mortgages for riskier borrowers. If these lenders use the same restrictive measures during the pandemic, it would only serve to boost consumer bankruptcies by leaving less-qualified borrowers with no other options.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Hertz filing for bankruptcy as early as this weekend: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I remember being at a Hertz location in Denver. Hundreds were stranded who had reserved cars, yet the location had none. It seems like a poorly run business. Surprised Hertz didnt disappear 2 years ago, who rents cars now? I feel for the employees, but not for the company. They ran a scam business when it came to all the “extras” and their high pressure dishonest sales tactics
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Lol ahhhh hah that’s what you get for that punk ass smoking fee lol Damn, another one falls to the curse of the avocado toast habit. Someone will buy Hertz, maybe DollarCars will for $1 a share 👊🏻
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Business Insider presents: Starting Up with Slack cofounder and CTO Cal Henderson - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »