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.

Debt collector 52

Debt collector Creditors Manufacturing Trade 52

Debt RR

OCTOBER 13, 2019

This matters because creditors use this information to determine whether to do business with the U.S. Failure to calculate an organization’s DSCR, rather than relying on income statements, can lead a creditor holding the bag when a company collapses and defaults on its obligations. For perspective, the U.S. Treasury Department.

Debt Recovery 44

Debt Recovery Creditors Lender Loans 44

Troutman Sanders

NOVEMBER 13, 2023

On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Manufacturing Debt Management Debtor 52

UK debt collections

JUNE 10, 2022

Creditors have now applied for compulsory liquidation and a petition has been lodged against the firm in what they have called a “train crash” situation. I have had to take out loans of about £100,000 secured with my property to cover the debts, we’re struggling like mad. Missguided called the police and sent all its staff home.

Retail 52

Retail Creditors Repossession Manufacturing 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. Owners now have a way to keep their equity ownership even over the objection of creditors. million to $7.5

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45

Debt RR

AUGUST 3, 2020

Unsecured business loans, like SBA loans and lines of credit. It’s a tool for business owners and finance managers to check their company’s health, and it can be used by creditors to determine whether or not to lend to an organization. A negative debt-to-equity ratio is generally a red flag to creditors and investors.

Manufacturing 40

Manufacturing Acquisition Loans Creditors 40

Troutman Sanders

SEPTEMBER 25, 2023

Increasingly, banks, brokers, and insurance companies are employing AI to process data, decide who can get a loan, and tailor financial products to customers. On September 19, the CFPB issued guidance regarding the legal requirements that creditors must follow when using AI and complex models. For more information, click here.

Financial services 52

Financial services Loans Banks Debt collector 52

Troutman Sanders

MAY 17, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here. On May 13, the U.S. Previously, Khan served as a legal advisor to former FTC Commissioner Rohit Chopra.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Hudson Weir

NOVEMBER 11, 2024

For businesses entering insolvency, or at risk of this happening, creditor claims are a key concern – especially if a retention of title clause was involved in the initial contract. It is one way that creditors can increase their chances of recovering a loss if they sell to a business that becomes insolvent or enters liquidation.

Unsecured Creditor 52

Unsecured Creditor Creditors Manufacturing Trade 52