The Board of Governors of the Federal Reserve System unanimously voted to increase the interest rate paid on reserve balances to 1.65%, effective June 16, 2022.
Over the past several months our blogs and articles have intimated that this interest rate increase was looming. The Fed’s intent is to place a governor on rising inflation, which all Americans are significantly feeling. The country’s leaders would like to have staved off this increase until the mid-terms in November but with the steady inflationary trend, it became necessary to act immediately.
As the impact of these economic changes affects more and more families, more companies are experiencing financially distressed situations. We are seeing companies and real estate investors and entrepreneurs having a steady increase in distressed assets. Companies have gone from 30-day payables to 60-days and now many are 90-days out and debt is mounting.
With decades of experience as a bankruptcy attorney, Bill Lobel knows that in order to avoid possible bankruptcy, entities need to deal with distressed assets early on. With our 20 experts from new financing to business and financial advisors to tax professionals who can obtain back tax refunds, we understand how to carefully analyze each company’s particular issues and find possible solutions. You can check out our experts here: https://distressedcapitalresources.com/bankruptcy-alternative-services/
If you or a colleague have questions about the economy and how mounting distressed assets are becoming more problematic with each passing day, schedule a complimentary call with Bill Lobel. You can reach Bill at (714) 966-6631 04 or at firstname.lastname@example.org .