Cash, Not Pretense: An Entrepreneur’s Guide to the Credit Crisis.

Compared with most businessmen, 41-year-old Charlie Wilson has some reason to like the economic downturn. President of Salvex, a Houston-based salvage firm he founded in 2002, Wilson has seen huge growth in the bankruptcy business over the past year. It is keeping his 10-person staff, and his 55 agents around the world, busy.

But the credit crunch still creates headaches for Wilson. With loans hard to secure, many would-be customers cannot bid on the merchandise in his inventory. "We are booming with more deals because people are defaulting," Wilson notes, "but the buyers are gun-shy because they can’t get the money to pay."

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