Some industrial properties with maturing mortgages could be in trouble as FedEx moves forward with plans to shrink its footprint in the U.S. and Canada. Nearly $3B of CMBS loans are tied to 174 U.S. industrial properties where FedEx is the anchor tenant, according to a Trepp analysis. There is $837M of debt, or 29%…
CVS division completes Chapter 11 bankruptcy liquidation Tacoma News Tribune Read the original article here
Arkansas will receive $660,000 in civil penalties as part of a $694 million multistate settlement with Credit Acceptance Corporation, while qualifying Arkansas borrowers could separately be eligible for consumer restitution or debt relief under the agreement. Attorney General Tim Griffin announced Thursday that Arkansas joined a coalition of 40 attorneys general in reaching the settlement…
Boca Raton manufacturer headed for liquidation with $148 million in debts The Business Journals Read the original article here
DC joins $694 million settlement with auto lender accused of setting car buyers up to fail WJLA Read the original article here
WASHINGTON (7News) — Some D.C. car buyers will get refunds and debt relief under a multistate settlement with Credit Acceptance Corporation, a major auto lender accused of giving people loans it knew they could not afford. D.C. Attorney General Brian Schwalb announced the District joined 40 states in the $694 million settlement. More than $250,000…
As Illinois borrowers prepare for a new school year and as student loan payments and tuition bills come due, the Illinois Department of Financial and Professional Regulation (IDFPR) is taking action to protect consumers and remind the public to be cautious of companies that offer to consolidate, pay off or reduce student loans, or enroll…
Arkansas Attorney General Tim Griffin Arkansas will receive $660,000 in civil penalties as part of a $694 million multistate settlement with Credit Acceptance Corporation, while qualifying Arkansas borrowers could separately be eligible for consumer restitution or debt relief under the agreement. Attorney General Tim Griffin announced Thursday that Arkansas joined a coalition of 40 attorneys…
Official UK registry records showed no record that glass manufacturer Clayton Glass Limited had entered administration as of 6 p.m. BST on Friday, September 18. Companies House filings listed the company as active with no registered insolvency notices. While public records can lag fast-moving financial events, official filings remain the sole confirmation of legal insolvency…
CVS division completes Chapter 11 bankruptcy liquidation Miami Herald Read the original article here