bankruptcy

Federal court records show that Buzzard filed for Chapter 7 bankruptcy in 2017 and has had at least five collections cases for unpaid debts filed against her in Santa Barbara County Superior Court.

Puech, among other endeavors, helped to launch a couture business that eventually declared bankruptcy and dabbled as a water-skiing instructor, but in recent decades he lived almost entirely off the dividends from his Hermès shares.

But beyond watching for more corporate bankruptcies, a macroeconomic indicator to watch is the Baa-over-Treasuries credit spread.

The bankruptcies of car parts supplier First Brands and subprime car lender Tricolor acted as a trigger for nervous chatter in September.

Both arrived less than a day after JP Morgan Chase CEO Jamie Dimon, Wall Street’s voice of vigilance, warned of “cockroaches” in the banking system following the bankruptcies of First Brands and Tricolor.