ABI

JANUARY 13, 2021

American Bankruptcy Institute Law Review Staff. . Under section 365(d)(3) of title 11 of the United States Code (the “Bankruptcy Code”), a trustee or debtor in possession must generally pay rent in accordance with the terms of an unexpired lease. ii] On February 17, 2020, debtor Pier 1 Imports, Inc. May 10, 2020). [ii]

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Bankruptcy Debtor Retail Creditors 45

ABI

JANUARY 22, 2023

John's University School of Law American Bankruptcy Institute Law Review Staff The Worker Adjustment and Retraining Notification Act ("WARN Act") provides that “an employer shall not order a plant closing or mass layoff until the end of a 60-day period after the employer serves written notice of such order” to each impacted employee. [1]

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Bankruptcy Debtor Retail Judgment 40

Nexa Collect

APRIL 11, 2021

During peak Covid-19 duration (May-Nov 2020) many states prohibited debt collection for several months. The turnaround came the following year, during tax refund season as the debt recovery levels went up substantially ( March/April 2020). Recoveries dropped to a mere 50% of the normal levels. In 2013, it was at 88%. drop from 2019.

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Collections Collection Agencies Collections Agency Construction 130

PBWT

JUNE 23, 2020

and most of its affiliates filed for bankruptcy on May 22, 2020. This was just one corporate failure among many in the midst of the COVID-19 pandemic; but, a novel strategy by Hertz to raise capital to fund its bankruptcy has raised eyebrows instead. Hertz Global Holdings Inc. 1] The Court approved the motion the very next day.

Debtor 52

Debtor Bankruptcy Retail Trade 52

Credit Corp

JANUARY 28, 2021

GameStop, a dying video game retailer, has blown past epic proportions to the point of hitting all-time highs in the stock market. Before its euphoric rise, GameStop was on a slow demise to bankruptcy, as it faced significant challenges to its business model from the internet. That’s a ~1700 percent increase! Although he has a 2.4

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Trade Retail Acquisition Financial Institution 134

Collection Industry News

JANUARY 13, 2024

Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% In addition, experts have predicted that the runaway inflation that has dramatically increased the cost of goods and services since 2020 will continue its recent trend of slowing down in 2024.

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Credit Card Debt Student loans Student Loans Bankruptcy 40

Troutman Sanders

JANUARY 23, 2024

On January 19, the Federal Court of Appeals for the Third Circuit ordered the bankruptcy court adjudicating the bankruptcy of FTX to appoint an examiner to investigate the collapse of the digital asset exchange. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52