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Discussion in 'Credit Talk' started by Momof3, Oct 30, 2000.
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Creditrust went BANKRUPT (chap
The new company, NCO Portfolio Management Inc., plans to buy Baltimore-based Creditrust, which buys delinquent
consumer debt from lenders and filed for Chapter 11 bankruptcy protection earlier this year after poor stock performance and
Under terms of the deal, Creditrust shareholders will get about $17 million to $20 million in NCO Portfolio Management stock,
subject to certain adjustments that may occur due to the resolution of Creditrust's bankruptcy. The new company plans to
utilize a bankruptcy exemption that will let it avoid an initial public offering and plans to trade under the proposed ticker
RE: Creditrust went BANKRUPT (
Isn't that sweet -- a collection agency filing for BK and taking advantage of the bankruptcy laws?