Collection Industry News

SEPTEMBER 29, 2020

Just in Time: New Bankruptcy Relief for Small Businesses. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. million of third-party debt is set to expire early 2021. By Jerrold L.

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45

Nexa Collect

APRIL 11, 2021

For example, consider leisure and hospitality workers, whose employment fell by over 20% compared to 2019, or book retailers and news dealers, who recorded a 48.9% drop from 2019. The next 6 to 12 months are going to be an uphill battle for creditors. Source: US Bureau of Labor Statistics.

Collections 130

Collections Collection Agencies Collections Agency Construction 130

UK debt collections

OCTOBER 15, 2021

The research also claims that 12% of Small Businesses wait more than 60 days for payment and 2% more than 90. The Financial Services and Retail sectors top the charts for longest payment delays with a shocking 33% of all invoices going unpaid in September alone. This is according to market research conducted on their behalf.

Collections 79

Collections Bankruptcy Retail Collection Agencies 79

True Accord

OCTOBER 10, 2023

On a 12-month basis, the annual increase for core PCE was 3.9%, matching the forecast and coming in as the smallest monthly increase since November 2020. 40+ million borrowers who paid $200 to $299 on average each month in 2019 will soon face the resumption of a bill that is often one of the largest line items in their household budgets.

Student loans 82

Student loans Student Loans Loans Personal loans 82

BN Lawyers

SEPTEMBER 30, 2019

Proponents are confident that the Plan provides not only a framework to reduce the Commonwealth’s debt to sustainable levels, but a path to exit bankruptcy. It reduces the Commonwealth’s $35 billion of total liabilities –bonds and other claims – by more than 60%, to $12 billion. billion to $1.5

Unsecured Creditor 52

Unsecured Creditor Unsecured Debt Government Bankruptcy 52

Troutman Sanders

DECEMBER 27, 2022

Critically, the SEC asserted that FTT, the native token of the FTX exchange platform, “was offered and sold as an investment contract” at the time of its 2019 offering and was therefore a security. Previously on December 12, the U.S. For more information, click here. On December 20, the U.S.

Financial services 52

Financial services Banks Trade Retail 52