Brian Welch, American InfoSource

Brian Welch,
American InfoSource

The 2013 “Year in Review” issue of AIS InSight released earlier this month showed that U.S. bankruptcy filings in 2013 totaled 1,032,558, down 12.94% from the previous year.

Of the Top 50 Creditors listed in bankruptcy filings for 2013, 15 were debt buyers and/or collection agencies. Accounts receivable management firms were named in 16 percent of listings attributed to the Top 50 organizations.

The AIS InSight Report is published by the bankruptcy data experts at American InfoSource and covers bankruptcy filings from January 1 – December 31, 2013.

Click here to view the 2013 Year in Review Issue of AIS InSight

The Bankruptcy Code requires a debtor to list and give notice to all creditors when filing for bankruptcy protection. Large credit card issuers and consumer lenders, as well as government entities, are the most commonly-listed creditors in bankruptcy filings.

Debt buyer Encore Capital Group was ranked the highest among ARM companies, with 299,399 listings in 222,814 cases. Portfolio Recovery Associates followed with 200,335 listings and NCO Group came in third with listings totaling 197,666.

Below is a table with the ARM companies who finished in the Top 50 Creditors Listed in 2013 Bankruptcies.

Rank

Creditor

Cases

Listings

9

Encore Capital Group

222,814

299,399

13

Portfolio Recovery Associates, LLC

155,048

200,335

14

NCO Group, Inc.

150,451

197,666

26

Resurgent / Sherman / LVNV

102,989

129,205

23

Enhanced Recovery Corporation

110,460

120,340

27

Asset Acceptance

94,206

113,194

28

Anderson Financial Network, Inc. (AFNI)

85,827

100,049

29

IC Systems

79,623

89,571

34

Cavalry Portfolio Services

72,547

88,835

39

SquareTwo Financial

55,079

66,874

42

Northland Group

52,840

57,975

45

Allied Interstate, Inc.

48,981

55,778

43

Credit Protection Association

49,516

54,798

47

RJM Acquisitions

45,784

51,453

46

Client Services, Inc.

48,660

50,915

1,676,387

Each week, AIS InSight delivers critical bankruptcy statistics to many of the largest financial institutions in the country, as well as card issuers, auto finance groups, mortgage servicers, healthcare systems, telecom, utilities, and ARM companies.

Along with a Top 50 Creditors Listed in Bankruptcies, AIS InSight’s “Year in Review” issue features:

  • Annual Bankruptcy Snapshot including Ch7 and Ch13 volumes
  • Top 50 Creditors Filing Claims and Amount Filed
  • Five-Year Bankruptcy Filing Trends

If you would like to receive AIS InSight on a weekly basis, please click here.


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