Intrum Files for Chapter 11 Bankruptcy in Texas

Intrum voluntarily filed for Chapter 11 bankruptcy in the Southern District of Texas after securing the required consents from creditors on its proposed reorganization plan.

• Court approval for the plan is currently expected by the end of the calendar year
• Intends to continue to operate as normal with no disruption of service; has sufficient liquidity to support continued operations and expects to pay financial obligations
• Will remain in possession and control of its assets, retain its existing management team and board of directors

To view the source of this information, click here

To contact the reporter on this story:
Ilya ...