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Bankruptcy losses cut in half in two years says NA credit men
New York May 20 J H Tregoe executive manager of the National Association of Credit Men reports a drop in bankruptcy losses over two years. He notes April 1928 failures at 1 750 with 50 million liabilities, compares with 1925 and 1924 figures, and forecasts further declines due to the association’s Credit Protection fund while warning against impaired capital, frozen credits, overcapacity and aggressive competition. He urges caution in business and emphasizes prevention and early warning signs of trouble.
MENTIONED IN THIS ARTICLE
New York
United States
J. H Tregoe
National Association of Credit Men
Tregos Babi