Loans Retail Secured Creditor Unsecured Debt 
Debt RR
DECEMBER 13, 2019
Some level of distressed debt can be forgiven, although that’s far from the only option. Refinancing typically lowers monthly payments and interest rates in exchange for lengthening the timeframe of the loan. Some creditors will accept equity and/or other concessions in exchange for debt forgiveness. Secured Creditors.
Collection Industry News
SEPTEMBER 29, 2020
The CARES Act special bankruptcy relief increased the debt limit under the Small Business Reorganization Act of 2019 (SBRA) from about $2.7 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset. First, the total amount of secured plus unsecured debt may not exceed $7.5
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