source for article: New York Times, November 19, 2008 By JONATHAN D. GLATER Harsh as it is, a bankruptcy filing has always offered a glimmer of hope for a business hobbled by debt or a downturn. A company could slim down, negotiate manageable payments to workers and suppliers and keep going, …

As banks and other syndicated lenders get cold feet about new deals, borrowers turn to nontraditional sources of capital-and face tougher loan terms source for article: Business Week, September 18, 2008 by Ben Levisohn With the credit crunch in full swing, companies big and small are having to …

source for article: Fairfield County Business Journal, September 16, 2008, by ALEXANDER SOULE Despite the federal bailout of two massive mortgage companies, a Citizens Bank economist predicted that Fairfield County's financial sector is only "halfway through this mess" as banks continue to write …

source for article: Philly.com by Maria Panaritis, September 2, 2008 They are the trauma team of the business world. Their job: Stop the bleeding before the patient dies - or the bank calls your loan. And if your boss doesn't have the chops to rescue your troubled company, they may just recommend a …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

source for article: Business Week, June 20, 2008 by John Tozzi The year 2007 started well for for Jay Allen and his wife, Sarah Lee-Allen. The couple had earlier borrowed $850,000 from California Bank & Trust to buy Tucson-based Omega Wallbeds, a seven-employee custom wallbed maker. Sales were …

source for this article: New York Times, July 28, 2008 Banks struggling to recover from multibillion-dollar losses on real estate are curtailing loans to American businesses, depriving even healthy companies of money for expansion and hiring. Two vital forms of credit used by companies - …

 source for aricle:  New York Times Mervyn’s and the parent company of Bennigan’s both filed for bankruptcy protection yesterday, providing more evidence that the pace of corporate flame-outs is accelerating. Only half way through 2008, billion-dollar bankruptcies are at their highest level …