Documents obtained by AFR show insolvency experts were in talks with the embattled debt recovery outfit late last year.
ASX-listed Collection House, which has recovered debt on behalf of entities including buy now, pay later giant Afterpay and the Australian Taxation Office, had been sputtering for several years.
The filings are lodged to indicate any potential conflicts of interest that might occur if administrators take over a company. That month, Collection House pronounced itself to be on a “substantially debt free” path after selling its New Zealand debt ledgers to rival Credit Corp. Part of the deal involved banks taking a massive haircut on $52 million in debt.
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