Collection Industry News

DECEMBER 27, 2023

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. billion from the 19,192 deals announced in 2022. There have been 591 U.S. Riley Wealth, said.

Bankruptcy 40

Bankruptcy Retail Acquisition Collections 40

PBWT

FEBRUARY 10, 2022

Of course, Arizonans needed a place to buy the newly-legalized substance, and retail marijuana dispensaries emerged to meet the demand. Like many other retail businesses, those dispensaries needed suppliers, who in turn needed manufacturers, who themselves needed to procure equipment. Bankruptcy Court for the District of Arizona.

Bankruptcy 68

Bankruptcy Manufacturing Debtor Retail 68

PBWT

MARCH 28, 2022

Facing massive liability from current plaintiffs as well as an unknown and unknowable group of future plaintiffs, asbestos manufacturers filed for chapter 11. This approach became so widely accepted that it is now codified in the Bankruptcy Code. See 11 U.S.C. § Mahwah Bergen Retail Group, Inc. § 524(g).

Debtor 65

Debtor Bankruptcy Manufacturing Retail 65

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]

Bankruptcy 40

Bankruptcy Debtor Retail Judgment 40

Troutman Sanders

JANUARY 10, 2023

At the time Celsius filed for bankruptcy on July 13, 2022, it had approximately 600,000 Earn Accounts, which consisted of $4.2 State Activities. For more information, click here. On January 4, the U.S. billion in aggregate investor value. For more information, click here.

Financial services 52

Financial services Unsecured Creditor Bankruptcy Banks 52

Troutman Sanders

JANUARY 3, 2024

Celsius Network, which filed for Chapter 11 protection in July 2022, has scaled back its ambitions after the SEC rejected its plan to earn fees from validating digital asset transactions and start new lines of business. Recently, Maryland AG Anthony Brown commended the FTC for passing the Combating Auto Retail Scams (CARS) Rule.

Financial services 52

Financial services Trade Retail Bankruptcy 52

Troutman Sanders

JANUARY 17, 2023

The case marks the first time that the FTC has collected civil penalties against a company that received the “notice of penalty offenses” for money-making opportunities sent in October 2022 and the first civil penalties for violations of the Restore Online Shoppers’ Confidence Act. billion in 2022. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Education 52