Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

UK administrators seek recognition in New Jersey to probe alleged servicer of payday loans

By Kyriaki Karadelis

03 August 2018

The English administrators of a UK-registered company that financed a payday loans business run by a Native American tribe through its Panamanian subsidiary, are seeking recognition of their appointment in New Jersey to pursue funds alleged to be in the possession of the loans’ US servicer.