A look back at bankruptcy trends and litigation in 2023 reveals a spike in bankruptcy filings driven by economic factors and fallout from the pandemic while in upper courts several interesting cases were decided involving proofs of claim, stay violations, and discharge issues.
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HUTCHINSON, Kan. -- National Credit Adjusters, a receivables management company headquartered in Kansas with offices in Arizona and Jamaica, looks back on community involvement during the second half of 2023 with gratitude for each team and their dedication to getting personally involved with service to our communities. From water drives to food drives and more, NCA was able to fulfill its ongoing commitment to giving back thanks to the caring individuals and employees who put each initiative into action.
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In November 2023, S.B. 668 was introduced in the Wisconsin Senate. S.B. 668 would make sweeping changes to the state laws governing financial service providers. The bill creates a pathway for the Wisconsin Department of Financial Institutions (DFI) to expand use of the Nationwide Multistate Licensing System and Registry (NMLS) across license types, modernizes money transmission laws, and revises the regulation of consumer lenders, collection agencies, check sellers, payday lenders, community currencies exchanges, sales finance companies, adjustment service companies, and insurance premium companies. The bill was read and referred to the Committee on Shared Revenue, Elections and Consumer Protection and a public hearing was held on December 19, 2023.
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