Personally I havent experienced any challenges. That being said, 2 years ago I pooled all my debts as a concious effort b4 taking on a new job. It does remain my only commitment and we be cleared in 2k9.
That being said, I`m selfishly looking for the housing market to plummit further so I can obviously jump on that ground level. The only way is up from there.
Companies have it tough with the falling into bad habits of projecting sales figures from goods shipped, and not actually sales. Creditors extending quite crazy advances based on such things and panicing to reclaim what they once promised. For a good 6 month or so period then, fresh credit, after the rejection of previous sales forecast figures, are not obtainable.
If ur big enough a company tho, u can go cap in hand to the govt. Which is a bad govt move imo. They should let those in trouble go under, including banks. Banks of which dont ~really~ go under, they just reach a stage where some1 can buy them - which is what the banks don`t like. They`d prefer to fold rather than be owned by a previous competitor, out of stupid snobbery of the overpaid ceos usually.
Many companies have taken big steps to steady their ships, some being less fortunate and finding they`ve overly extended their capabilities.
Football clubs will be next. Those paying stupid player contracts.