Bank Lending in Doldrums and May Stay That Way

For the last 18 months, ClearRidge has published reports projecting that business lending will continue to worsen long after the end of the recession. History shows that to be true after every recession in the last century.

Oklahoma Bankruptcies Hit New High and Still Rising

There were over 158,000 bankruptcy petitions filed in the US in March 2010, according to a recent report from Aacer, a bankruptcy data collection company, which was 35% more than the previous month. This was also a 19% increase over filings in October 2009, the previous high since personal bankruptcy law was tightened in October 2005.

BOA Business Capital Provides $55 Million to ClearRidge Client

Posted by Matthew Bristow in Corporate Finance, Uncategorized
July 30, 2009. Bank of America Business Capital provided a $55 million senior secured credit facility to a ClearRidge client, a lumber and manufactured wood distributor. The asset-based loan is being used to refinance existing debt. ClearRidge acted as advisor for the transaction.

Tulsa World Spotlight on Connie Tommerup, Manager

Posted by Matthew Bristow in Uncategorized
May 3, 2009. Connie Tommerup, Manager of Restructuring and Corporate Finance is honored in Tulsa World's People Spotlight. At ClearRidge, Connie's primary role is analyzing clients financial systems, financial reporting processes and internal controls.
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