Exela Units File for Bankruptcy Amid $1.3B Debt

In a dramatic turn of events, approximately 60 subsidiaries of business process automation firm Exela Technologies Inc. have filed for Chapter 11 bankruptcy in Texas, weighed down by a staggering $1.3 billion in debt. The move, which follows years of financial turbulence, includes a prearranged restructuring plan designed to stabilize the company’s operations and navigate…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

AI heralds a new era for debt collection and credit management – IT News Africa

AI, machine learning and robotic process automation (RPA) are reshaping debt collection and credit management. “AI and automation won’t replace people; it eliminates repetitive tasks, freeing teams to focus on higher-value activities,” career credit professional Ian Wood explains. He was speaking at a recent seminar hosted by DebtSource Credit Management, Credit Business Network and Credit…