While bankruptcies plunged last year to their lowest levels since the implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2015, filings are beginning to climb, according to the American Bankruptcy Institute.
A U.S. bankruptcy judge accused Ally Financial of sending confusing letters to bankrupt customers that demanded payments on debts they no longer owed. Ally was ordered to pay $11,000 to a recipient of such a letter.
The American Bankruptcy Institute (ABI) announced that total bankruptcy filings in the United States increased 19 percent in February vs. January.
LEAP Financial and 722 Redemption Funding announced a partnership to offer redemption and replacement financing for customers filing for Chapter 7 bankruptcy.
OnlineBKmanager and AFS Acceptance have expanded their Lender Partner Program, a marketing package designed to provide dealers with bankruptcy leads and a relationship with a bankruptcy-focused finance company.
Less than three weeks after completing a major consumer contest to move 100 vehicles in one month, Saab of North Olmsted is preparing to close it's doors after Saab Automobile filed for bankruptcy on Dec. 19.
The American Bankruptcy Institute (ABI) reported that total bankruptcy filings in the United States decreased 12 percent in 2011.
Saab Cars North America announced it will pursue an out-of-court solution to keeping its operations running after its Swedish parent was declared bankrupt last week.
U.S. consumer bankruptcy filings totaled 100,980 in November, a 12 percent decrease from the 114,587 total consumer filings recorded in November 2010, according to the American Bankruptcy Institute.
The Associated Press reported today that a Swedish court rejected Saab’s application for credit protection, the latest setback for the cash-strapped carmaker.
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