The U.S. Court of Appeals for the Fifth Circuit recently held that a secured lender's full credit bid for a Chapter 11 debtor's assets at a bankruptcy court sale barred any later recovery from the debtor's guarantors. The authors of this article analyze the decision.[ABSTRACT FROM AUTHOR...
In addition to the credit check, they will also assess other aspects of an applicant’s financial status. Taking into account all aspects of their circumstances, they determine whether or not a loan is suitable for the applicant. The assessment process is thorough and involves thoroughcredit vetti...
Amigo provides high interest loans to people with bad credit ratings as long as they have a friend or relative willing to bear the risk. For years it has made substantial profits out of lending to troubled borrowers. But now the value of its own debt has crashed to levels suggesting its b...