Judge Christopher Lopez said he found there was “current financial distress” in Intrum’s case. — Bloomberg
DALLAS: A US bankruptcy judge has confirmed the debt restructuring plan of Sweden’s Intrum AB despite the opposition from a minority group of creditors, clearing a major obstacle for the debt collector.
“Nothing here was intended to defraud or to intentionally designed to harm a particular creditor group,” Judge Christopher Lopez said. “This was a good faith filing.”
