PBWT

OCTOBER 27, 2021

The debtor operated 28 franchise restaurants primarily in the Sun Belt region. The debtor encountered financial problems related to the onset of the COVID-19 pandemic, resulting in a chapter 11 filing in April 2021. In re Platinum Corral, LLC , No. 21-00833-5-JNC, 2021 WL 4695327 (Bankr. Bankruptcy Judge Joseph N. ’" Id.

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PBWT

MARCH 28, 2022

As a result of Purdue Pharma’s proposed plan of reorganization, and the ongoing opioid epidemic that continues to grip the nation, the debate over non-consensual third-party releases has gone mainstream despite being a popular tool for debtors for decades. Mahwah Bergen Retail Group, Inc. See Patterson, et al., 20-10343, ECF No.

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Debtor Bankruptcy Manufacturing Retail 65

Collections Law

NOVEMBER 4, 2021

Prejudgment attachments allow us to identify the debtor’s assets before the court issues a judgment, which we can then seize to satisfy the judgment. How the keeper attachment works In Massachusetts, the court may decide to appoint a “keeper” to collect cash from the debtor on your behalf.

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Collections Law

FEBRUARY 14, 2022

Retail businesses have long dealt with bad checks from customers, which may not be worth pursuing if they are for a small amount. An ex parte bank attachment Once we sue the debtor for the amount due, we have many methods of collection at our disposal. Usually, you can trust a corporate check written to your business.

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Collections Judgment Debtor Commercial Collection 52

ABI

JANUARY 13, 2021

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. In In re Pier 1 Imports, Inc. , i] In re Pier 1 Imports, Inc., 196, 197 (Bankr.

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ABI

JANUARY 22, 2023

8] Under the first legal issue of whether Art Van violated the WARN Act, the court held that Art Van was subject to the WARN Act as Art Van was engaging in business, such as “continuing operations with its employees for the retail sales of goods.” 6] Following an unsuccessful mediation, Art Van filed a Motion for Summary Judgment. [7]

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Bankruptcy Debtor Retail Judgment 40

Troutman Sanders

JANUARY 24, 2022

The Holder Rule is a regulation issued by the FTC that allows consumers to bring any legal claims against the “holder” of a retail installment sales contract or other credit contract that it could assert against the original seller of the good or service, even if the claim springs from the seller’s misconduct alone.

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Trade Retail Debtor Loans 52

Burr Forman

FEBRUARY 15, 2021

SlideBelts is an internet retail company and debtor in bankruptcy. The US Department of Justice announced the first civil settlement involving allegations of fraud against a PPP borrower. SlideBelts Inc. received a PPP loan under the CARES Act.

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Government Financial Institution Loans Retail 52

PBWT

JUNE 23, 2020

Despite the implications of permitting a debtor to sell stock to the public that many believe will be worthless, the legal question before the Court was not particularly difficult. Section 363(b)(1) of the Bankruptcy Code permits a debtor to sell property of the estate outside of the ordinary course of business after notice and a hearing. [2]

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Debtor Bankruptcy Retail Trade 52

FFGN COLLECT NY

JUNE 30, 2021

Retail installment debt. We believe this to be true because of the pandemic’s effect on the large amount of debt likely sought to be collected and because of the defense of latches used by debtors in debt collection actions. Personal bank loans. Credit union loan. Credit cards. Home equity loans.

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Consumer Credit Collections Credit Unions Credit Unions 40

Nexa Collect

APRIL 11, 2021

For example, consider leisure and hospitality workers, whose employment fell by over 20% compared to 2019, or book retailers and news dealers, who recorded a 48.9% These are industries where debtors will be hard-pressed to find money to pay debts for no other reason than that they are unemployed. drop from 2019.

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Troutman Sanders

NOVEMBER 1, 2021

as a result of an unpaid balance on a retail credit card account. Because they reflected an outcome that could come to pass, they could not be viewed as “false and misleading” even to the least sophisticated debtor. The District of New Jersey rejected these claims, finding that the letters were not false or misleading.

Fair Debt Collection 52

Fair Debt Collection Debt settlement Judgment Financial services 52

Credit Management Company

JUNE 4, 2019

While healthcare providers are most commonly associated with debt collection, lenders, manufacturers, service companies, retailers, contractors, and even independent contractors can benefit. Monitoring when certain debtors become solvent. Offering online payment options. Prioritizing accounts most likely to pay.

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Collection Agencies Collections Agency Collections Healthcare 60

BN Lawyers

APRIL 1, 2019

A gasoline retailer defaults on its obligations under an ongoing Franchise Agreement that it has with a brand name in the oil & gas industry. How about if the franchisee/retailer files for bankruptcy protection? It is intended to protect distributors and retailers. Franchisors are commonly characterized as suppliers.

Bankruptcy 52

Bankruptcy Retail Debtor 52

UK debt collections

MAY 20, 2022

The Insolvency Service wants to know why £393,746 was paid to a “connected party”, £229,762 was paid to various automotive suppliers, £113,046 went to “unknown persons”, £26,257 was paid to “various retail type establishments” and what the purpose of a payment of £14,701 to “online gaming providers” was.

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Unsecured Creditor Debt Recovery Creditors Retail 59

Nexa Collect

FEBRUARY 13, 2021

Consider a scenario where a company is low on cash and accounts payable show an uptick; in that case, the company would quickly turn to its receivables and attempts to recover money from its debtors. With a somewhat liberal credit policy toward its customers that offers long payment terms, a company may find itself low on liquidity.

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Accrued Interest Retail Debtor Collections 130

Debt RR

DECEMBER 13, 2019

There are 35 major bankruptcies in 2019 so far, and over two-thirds happened in retail. There are two other conditions that must be met for a creditor to serve papers on a debtor. The ability to sue a debtor depends on the whether they have a registered address in the court’s geographic jurisdiction. trillion worth of debt.

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Debt collector Debtor Bankruptcy Creditors 42

Debt RR

DECEMBER 13, 2019

Many businesses are both debtors and creditors. Some major retailers filed for Chapter 11 bankruptcy in 2019, including Beauty Brands, Innovative Mattress Solutions, Things Remembered, Z Gallerie, Kona Grill, Perkins & Marie Callender’s, Sugarfina, Forever 21, and Barneys New York.

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Chapter 7 bankruptcy Bankruptcy Creditors Retail 43

Taurus Collect

AUGUST 19, 2020

With COVID, you need to be wary of certain industries that are susceptible to decline such as hospitality, and retail. Before you even think about hiring a collection agency for No Win No Fee Debt collection you should have at least tried to speak to the debtor on more than a few occasions. Radio silence is not a good sign!

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Hudson Weir

JUNE 30, 2021

There are lots of formats this sort of transaction might take, such as: Sale of the company shareholding Retail of business assets, including stock or premises Purchasing an insolvent business. A trade sale is a term used to describe the sale of a business, usually to another company in the same sector.

Trade 52

Trade Creditors Retail Debtor 52

Fraser

JULY 7, 2020

While much attention has been paid to the struggles of businesses, such as restaurants and retail establishments, to survive the economic downturn wrought by the COVID-19 pandemic, those who lend to such businesses for the purchase of real estate are also dealing with the fallout. In some instances, this means the possibility of foreclosure.

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Lender Foreclosure Bankruptcy Loans 41

National Service Bureau

MAY 22, 2015

Compliance is a huge part of the debt collection process, and collection agencies need to stay updated on the regulations and legislation that shape interactions with debtors, consumers, patients, etc. The Telephone Consumer Protection Act is one such piece of legislation that is incredibly important in the current collections landscape.

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Debt collector Accounts Receivables Management Collection Agencies Collections Agency 40

PBWT

SEPTEMBER 28, 2022

Now the country awaits the outcome of the union member votes (which we may not know until mid-November), but even if the members approve the deal, the retail sector will still face empty shelves, job vacancies and surging inflation. In fact, the retail industry has been facing economic headwinds for years.

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Bankruptcy Debtor Retail Repossession 65

Nexa Collect

NOVEMBER 26, 2022

The GLB Privacy Rule only applies to nonpublic personal information (NPI), including (Debtor) Name, Address, Income, Social Security number. Transaction information such as account numbers, payment history, loan balances and information from court records or consumer reports. Protecting Your Customer’s Nonpublic Personal Information (NPI).

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PBWT

JULY 1, 2020

As retail and other tenants fall further behind on rent and other obligations, lessors are finding themselves drawn into more and more Chapter 11 bankruptcy cases. This caution is grounded in a concern that even if the draw itself will not violate the automatic stay, a notice to the debtor might. 1] Compare , In re Twist Cap, Inc. ,

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Bankruptcy Debtor Creditors Retail 40

Collection Industry News

SEPTEMBER 29, 2020

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.

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Bankruptcy Creditors Debtor Lawyers 45

Troutman Sanders

JULY 5, 2023

The TRO prohibits Prime Core from operating as a retail trust company and requests an order appointing a receiver over Prime Core for the purpose of its conservation or rehabilitation. The bill becomes effective on July 1. For more information, click here. Prime Core) and its subsidiaries.

Financial services 52

Financial services Financial Institution Credit Unions Credit Unions 52

Fico Collections

MAY 19, 2021

Newer financial services providers are even more challenged, as well as telcos new to payment processing and retail finance. While a debt collection agency can use pan-European tracing to locate debtors, there is no pan-EU pact to enforce payment –– and certainly nothing in Africa and the Middle East.

Collection Agencies 52

Collection Agencies Collections Agency Banks Financial services 52

Fico Collections

MAY 19, 2021

Newer financial services providers are even more challenged, as well as telcos new to payment processing and retail finance. While a debt collection agency can use pan-European tracing to locate debtors, there is no pan-EU pact to enforce payment –– and certainly nothing in Africa and the Middle East.

Collection Agencies 52

Collection Agencies Collections Agency Banks Financial services 52

Troutman Sanders

JUNE 21, 2023

On June 20, the Federal Trade Commission (FTC) sent letters to 50 online marketplaces nationwide, notifying them about their obligation to comply with the new Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act — or the INFORM Consumers Act — as soon as it takes effect on June 27.

Financial services 52

Financial services Collection Agencies Collections Agency Trade 52