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Flash in the pan

Joined: 01 Feb 2008
Posts: 59

A few things....
PostPosted: Sat Apr 12, 2008 11:14 pm Reply with quoteBack to top

SunCrest LLC (and parent company Terrabrook)...Zions Bank on the hook....
Dyer Mountain Associates....

More housing bust fallout....

Linens N Things....


Colorado business bankruptcy filings rose 28 percent in the first quarter of 2008 compared with the same period a year earlier, to 177, according to U.S. Bankruptcy Court data. Filings under Chapter 11, for reorganization bankruptcy protection, rose to 26 in the first quarter, up 62.5 percent from the same period in 2007.


Bankruptcies are likely to increase as more companies draw down on their revolving credit lines and run out of options for raising cash, Morgan Stanley said in a report on Monday.
Morgan Stanley said it is concerned about the number of revolvers that are larger than $1 billion and have been issued by highly leveraged companies with thin cushions of cash to cover debt.

Since 2004,
80 revolvers greater than $1 billion have been extended, with the number of revolvers increasing 20 percent compared with 2006.



The number of Hungarian companies facing insolvency jumped 21% in the first three months of 2008 compared to the same period last year, with the construction industry, retail and wholesale sectors still experiencing the highest rates, Privátbankár.hu reports, citing the latest report of export credit insurer Coface. This spike in the number of companies unable to meet their obligations was mirrored by an even larger leap - roughly 30% - in the number of firms winding up their operations.


How's it all going to end?
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