US Commercial Bankruptcies Skyrocket

<p>‘O e of the big i icators of the e of the “cre it cycle” is the mber of ba kr ptcies. D ri g goo times, so earlier i the cre it cycle, compa ies borrow mo ey. The , overco fi e t a l re by low i terest rates a overoptimistic rosy-sce ario rhetoric ema ati g from all si es, they o what the Fe a Wall-Street firms wa t them to o: they borrow eve more mo ey. The reality sets i , a they b ckle er this pile of ebt.<br />
The ba kr ptcy fili gs of Ultra Petrole m a Mi states Petrole m o Fri ay a Sat r ay bro ght oil & gas ba kr ptcies of compa ies rate by Fitch a other rati gs age cies to 59. These two compa ies pile $3.1 billio i efa lte j k bo s a a other $1.5 billio i efa lte loa s o top of the growi g mo tai of efa lte oil & gas ebt.’</p>
<p>Rea more: <a href="http://wolfstreet.com/2016/05/05/ s-commercial-ba kr ptcies-chapter-11-liq i atio s-rise-e -of-cre it-cycle-april-abi/" target="_bla k">US Commercial Ba kr ptcies Skyrocket</a></p>