Sweden’s Intrum wins Chapter 11 plan in US


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.”

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