If you’re a small business owner in Detroit or elsewhere in Michigan, then you know you have more obstacles to clear than larger companies in remaining solvent. And with the economy being especially unpredictable right now, there’s an increase in small business owners facing bankruptcy. This is when small business owners in Detroit and throughout […]

Finding success as a small business owner in today’s big-box store and corporate climate is more difficult than ever. Many small business owners are facing the potential of crushing loan debt and credit card debt, attempting to survive the current volatile market conditions, supply chains, and other challenges. If this seems achingly familiar to you, […]

Corporate bankruptcy filings in the United States reached a 14-year high last year. In 2024 alone, 694 public and private companies filed for bankruptcy protection. This rise in corporate bankruptcies is alarming. The previous high was 638 in 2020 as the U.S. and global economies were hobbled by the COVID pandemic. In 2010, 828 companies failed […]