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Bankruptcies Register First Consecutive Monthly YOY Increases Since 2010

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.

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Judge: Ally Violated Bankruptcy Rules

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.

February Bankruptcy Filings Increase 19 Percent

The American Bankruptcy Institute (ABI) announced that total bankruptcy filings in the United States increased 19 percent in February vs. January.

LEAP Financial, 722 Redemption Funding Announce Partnership

LEAP Financial and 722 Redemption Funding announced a partnership to offer redemption and replacement financing for customers filing for Chapter 7 bankruptcy.

OnlineBKmanager, AFS Partner on Bankruptcy Lead Program

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.

Saab Dealer Prepares for Brand’s Shuttering

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.

Bankruptcy Filings Declined 12 Percent in 2011, ABI Reports

The American Bankruptcy Institute (ABI) reported that total bankruptcy filings in the United States decreased 12 percent in 2011.

Saab Cars North America Reviewing Options

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.

Consumer Bankruptcy Filings Down 12 Percent in November

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.

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Saab Denied Bankruptcy Protection

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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