Remove Creditors Remove Debt Recovery Remove Loans Remove Retail
article thumbnail

Debt Collection Now and Post-Covid

Nexa Collect

Economic downturns create a huge opportunity for the debt collection industry. A large number of creditors are stuck with unpaid invoices, and as their own efforts fail they tend to submit more accounts to collection agencies. Additionally, the government-assisted stimulus packages resulted in recovery rates jumping by almost 1.5

article thumbnail

Ex TV Channel boss banned from being a Company Director

UK debt collections

But five unsecured creditors – owed a total of £347,860 – are unlikely to see the return of any of their money. The paperwork also revealed Mr Johnson had an outstanding loan of £100,000 from Rhino TV and had been asked to provide a sworn statement of his assets, liabilities, income and expenditure.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Debts can quickly cripple a business, and negotiating more favorable terms with creditors is usually the best way out. Businesses restructuring debt typically do so because they’re having trouble meeting obligations, and it goes both ways. Many businesses are both debtors and creditors. Past-Due Secured Debt.

article thumbnail

How to Remove Professional Finance Company From Your Credit

Better Credit Blog

If you have been contacted by a company called Professional Finance Company, you are probably being pursued for an old unpaid debt. This can make for unpleasant interactions with creditors and constant harassment for payment. This can impact your ability to qualify for loans or apply for credit cards.