Collapse Files ยท CF-010

The Company Was Profitable For Eleven Years. He Rolled Over The Debt On A Friday. By Tuesday It Was Gone.

Caldwell Manufacturing, profitable for eleven years, faced a dire situation when Martin Howe rolled over the short-term debt on a Friday, a routine transaction. Following a bank failure over the weekend, refinancing became unavailable, leading to an unprecedented crisis and the loss of 4,200 jobs.

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