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US bankruptcy wave may stretch into 2024, but pace could slow

Collection Industry News

Dec 13 (Reuters) – The retail sector could continue to lead U.S. bankruptcies next year due to sticky inflation and high interest rates, but analysts expect easing monetary policy to offer some respite in the second half of 2024. There have been 591 U.S. There have been 591 U.S. Riley Wealth, said.

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Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Collection Industry News

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations.

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Analysis: Money market woes cast shadow over $1.6 trln UK commercial property sector

Collection Industry News

Leisure and retail property vacancy rates also remain above pre-pandemic levels, Local Data Company figures show, at 10.6% Footfall at UK retail destinations is down around 15% on average in 2022 compared to 2019, according to Springboard data. . trln UK commercial property sector appeared first on Collection Industry News.

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