SquareTwo Financial Announces Portfolio Asset Sale To Resurgent Holdings And Court Supervised Business … – PR Newswire (press release)
To facilitate the transaction in an expedient manner, today SquareTwo and its affiliates filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the Southern District of New York. SquareTwo will also be filing for recognition of the U.S. chapter 11 proceedings under Part IV of the Companies’ Creditors Arrangement Act in the…