Jimerson Firm

MAY 5, 2021

PPP loans and EIDL of $25,000 or less do not require collateral or personal guarantees, so in the vast majority of defaults on these small loans, business owners’ personal assets will not be at risk of seizure. Small Loan Default. Additionally, large percentages of these loans are forgivable. Larger Loan Default.

Collateral 98

Collateral Loans Government Debtor 98

Burr Forman

AUGUST 10, 2020

Derek also regularly advises clients in and around the automotive manufacturing space, including OEMs, tier-suppliers, financiers, and transportation providers. He often represents secured lenders, typically after a borrower’s default. He often represents secured lenders, typically after a borrower’s default.

Lawyers 40

Lawyers Bankruptcy Collateral Manufacturing 40

Fico Collections

JANUARY 8, 2021

Leslie Parrish, senior analyst at Aite Group, wrote that “Lenders that are looking to transform their lending to be more consumer-centric and efficient should look closely at what leading vendors offer in this space.

Acquisition 52

Acquisition Loans Financial Institution Lender 52

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.

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45

Troutman Sanders

JUNE 1, 2021

The proposal would modify the PSR policy to expand access to collateralized capacity, and clarify the terms for accessing and retaining uncollateralized capacity. On May 27, the Consumer Financial Protection Bureau (CFPB) published a report that provides new insights into manufactured housing financing. On May 27, U.S. On May 25, U.S.

Financial services 52

Financial services Government Foreclosure Loans 52