Collections Creditors Manufacturing 
UK debt collections
AUGUST 3, 2023
Amsterdam-based VanMoof, an e-bike manufacturer, has gone into liquidation in the UK. The Dutch company confirmed through an email to its customers that the company is undergoing a Creditors’ Voluntary Liquidation. The situation has caused chaos for consumers. However, there is hope on the horizon as a potential buyer has emerged.
Account Recovery
SEPTEMBER 10, 2024
Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Adrian Murphy as its global chief data and analytics officer, effective Sept. Murphy holds bachelor’s and master’s degrees in manufacturing engineering from the University of Cambridge. NORFOLK, Va., 9, 2024 — PRA Group, Inc.
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PBWT
JULY 20, 2021
Is there a general requirement that these avoidance powers only be used when doing so would benefit creditors? Glove, Inc. (“Plaintiff”) is a manufacturer of gymnastic grips and wrist supports. The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. Glove, Inc. ,
FFGN COLLECT NY
OCTOBER 27, 2020
An issue that comes up time and time again in debt collection settlements is whether parties can continue doing business together even though the creditor has placed the account for collection. Now that a debt collection attorney is involved, can the parties move forward and conduct new business? Yes, definitely.
UK debt collections
JANUARY 11, 2023
The firm has now gone into liquidation with claims from creditors totaling £1,143,262. But this means creditors are likely to be short of £987,310. The £32,060 that is collect-able in assets will be used to pay 32 employees owed £83,060, including pension contributions, as preferential creditors.
Hudson Weir
APRIL 12, 2024
If your business is in debt and creditors are trying to reclaim their money, this is a tough period that requires careful navigation. Where possible, taking steps to reach an agreement with creditors long before they successfully appoint bailiffs is highly advisable. Some creditors may use debt collectors instead of bailiffs.
UK debt collections
JUNE 26, 2023
Data from the Insolvency Service yesterday showed that 2,552 companies were declared insolvent last month, overwhelmingly through creditors’ voluntary liquidations, in which a company’s directors agree to wind up the business without a formal court order. Year after year, late payment has been seen to kill off Small Businesses cash flow.
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