Collection Industry News

APRIL 13, 2023

New YorkCNN — Bed Bath & Beyond, the store for seemingly everything in your home during the 1990s and 2000s, filed for bankruptcy on Sunday. The company secured a $240 million loan to help fund its operations during bankruptcy. A bankruptcy filing does not necessarily mean that a company is going out of business.

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Collection Industry News

JANUARY 13, 2024

Our experts used debt statistics from the NYFRB broken down by debt category and down to the state level to get a detailed picture of what kinds of debt Americans are holding and where they are holding it. The largest increase in any category was credit card debt, which swelled by 16.6% Consider bankruptcy: Don’t be scared.

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Troutman Sanders

JANUARY 23, 2024

On January 19, the Federal Court of Appeals for the Third Circuit ordered the bankruptcy court adjudicating the bankruptcy of FTX to appoint an examiner to investigate the collapse of the digital asset exchange. billion in additional student loan debt relief for 73,600 borrowers. For more information, click here.

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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% Breaking down your portfolio of delinquent debts into categories based on the information here may help optimize your collection efforts and accelerate cash inflow.

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Troutman Sanders

NOVEMBER 21, 2023

On November 16, the Justice Department, in close coordination with the Department of Education, announced a successful first year of the new process for handling cases in which individuals seek to discharge their federal student loans in bankruptcy. For more information, click here. For more information, click here.

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Financial services Retail Banks Collections 52

Troutman Sanders

OCTOBER 4, 2022

On September 29, the Consumer Financial Protection Bureau (CFPB) released a special edition of Supervisory Highlights on recent examination findings, covering the practices of student loan servicers and schools that lend to students directly. On September 29, an independent examiner was appointed in the Celsius bankruptcy case.

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