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Recovering Debt: The Logistical Hurdles for Creditors

March 31, 2021

  1. COVID-19 has resulted in many businesses falling into debt and bankruptcy. What lessons have been learnt here for creditors and debt collectors?

COVID-19 has given everyone a better appreciation of certain fundamental institutions and industries that deserve priority treatment. Some, like healthcare and education, are obvious. Others, like long-haul grocery truckers, have rightly earned new appreciation. Specific to the credit and lending industry, there has been heightened recognition of the critical role of the civil justice system and the administrators that support it.

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