AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
The Black Hole of Private Credit That's Swallowing the Economy
Odd Lots
Delay in Bankruptcy Harms All
Corporations may delay filing for bankruptcy due to the vanity of executives who fear the stigma and consequences associated with it. This delay can lead to prolonged decline, as seen in the example of Sears, which suffered from empty shelves and a poor customer experience during its lengthy struggle before bankruptcy. Such situations create a toxic workplace, stunting employee careers due to lack of promotions, bonuses, and growth opportunities. Furthermore, private credit-backed firms may also hesitate to reorganize, prioritizing agreeable arrangements with lenders over timely action, which could extend the damage to employees and stakeholders.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode