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Average Recovery Rate of a Collection Agency

Nexa Collect

Debtors are less likely to pay when they feel threatened. Their debt collectors must be located in multiple time zones in order to work with debtors nationwide. Quality of your own debt: If you primarily serve a lower income group, or if your state debt laws are favorable for debtors, then the recovery rate will be lower.

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Considerations When Closing a Small Business with PPP or EIDL Debt

Jimerson Firm

Some small businesses debtors will close without reorganizing and before having received forgiveness for or paying off the funds they received through the PPP loan and/or EIDL programs. When a business defaults on a loan with the federal government, the government “lender” may report the business to credit scoring companies.

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Regulatory Exception to Automatic Stay Allows Court to Hear Antitrust Case

ABI

John’s University School of Law American Bankruptcy Institute Law Review Staff Endo Pharmaceuticals (“Endo”) develops, manufactures, markets, and distributes prescription pharmaceutical products. 22] The automatic stay is broad, and it generally enjoins all litigation against a debtor. [23] Kathleen Gatti St.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 6, the Bank of England, Financial Conduct Authority, and Prudential Regulation Authority issued guidance explaining how current and proposed regulatory regimes governing “e-money, stablecoins, and tokenised bank deposits” will interact, indicating that applicable financial institutions will be subject to dual or triple regulation.

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New Court Ruling on Whether Avoidance Powers Require Benefit to Creditors

PBWT

The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. Glove, Inc. (“Plaintiff”) is a manufacturer of gymnastic grips and wrist supports. See, e.g., 11 U.S.C. §§ §§ 544, 547–48. Glove, Inc. , 21-10172-T11, 2021 WL 2405399 (Bankr.

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In A Major Victory For Trademark Licensees, Supreme Court Holds That Rejection Of A Trademark License Does Not Terminate The Licensee’s Rights

In the Red

After dividing the courts for a number of years, we finally have the answer to the big question of whether rejection of a trademark license by a debtor-licensor deprives the licensee of the right to use the trademark. Chicago American Manufacturing, LLC , 686 F.3d After various disputes over the Agreement, Tempnology filed Chapter 11.

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Burr & Forman Names Eight New Partners Across Five Offices

Burr Forman

Meryl Cowan is a member of the firm’s Labor & Employment group where she represents employers, manufacturers, and companies in all aspects of general employment, labor, and employment discrimination law. About Burr & Forman LLP.