A Wave of Bankruptcies and Foreclosures Appears to be Building

A perfect storm of COVID-related economic issues mixed with inflation and a stay-at-home workforce is bearing down on small businesses and real estate investors. Don’t wait to take evasive action.

A big wave crests on a stormy sea.
(Image credit: Getty Images)

Economists and professionals in the restructuring sector of business and real estate have been anticipating a distressed economy for the past 18 months. Thus far they have been wrong.

The public is just plain confused. Many people today don’t trust their politicians, their news sources and, surprisingly, not even their health care providers and professionals. This lack of trust, coupled with the pandemic-driven mandated way in which many employees work remotely, has caused many people to reassess their lives and the location from which they are willing to provide their services.

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William Lobel, ESQ.
Founder and President, Distressed Capital Resources LLP

William N. Lobel is the Founder and President of Distressed Capital Resources LLC, a company that has brought together virtually every resource available to assist borrowers with financially distressed real estate or businesses, with the goal of maximizing a borrower's leverage and options in order to successfully resolve that borrower's financial issues.