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Creditors may consider an employee to be responsible for the profits that will enable a business to repay loans. If a key employee suddenly died or became disabled, would the business’s creditors hesitate to continue credit? How much cash would be needed to bridge the difficult time following the employee’s loss to reassure creditors? … to read the complete article, click on the article title

The current financial crisis is often described with sound bites such as “Executive Bail Out,” “Wall Street Bail Out,” “Credit Markets Collapse,” or “Failed Economic Problems.” None of these labels or sound bites helps the average person understand what is happening and, more importantly, how it affects them. Granted there are many pieces to this puzzle, but the one that may impact the average person the quickest is the collapse of the credit market.