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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

Chapter 7 liquidates assets and discharges qualified debts. The process takes less than a year and can eliminate the balance on most unsecured debts. The bankruptcy trustee will sell any non-exempt assets to repay debtors before a discharge occurs. Auto lenders could also waive payments for those impacted by COVID-19.

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Integrating Judicial and Extrajudicial Strategies in Portfolio Management

Qualco

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit. Several member nations of the European Union have adopted this approach.