Legal/Financial News
GMAC Expands Credit Spectrum of Auto Financing -- January 06, 2009
DETROIT — GMAC Financial Services announced it has resumed auto financing for a broader spectrum of U.S. customers as a result of expanded access to funding as a bank holding company. The company said it has modified its credit criteria to include ... [ Full Story ]
Annual Consumer Bankruptcies Climb by Double-Digits -- January 06, 2009
ALEXANDRIA, Va. — According to the American Bankruptcy Institute, which relies on data from the National Bankruptcy Research Center, U.S. consumer bankruptcy filings jumped by nearly ... [ Full Story ]
TransUnion.com: Annual 60-Plus Day Auto Delinquency Climb to Continue -- December 16, 2008
CHICAGO — On Monday, TransUnion.com released its third-quarter analysis of auto lending trends. TransUnion.com found that the national 60-day auto delinquency rate ... [ Full Story ]
ABI: Tenn. Showed Highest Annual Per Capita Bankruptcy Filing Rate -- December 16, 2008
ALEXANDRIA, Va. — Looking at third-quarter and nine-month bankruptcy statistics, the American Bankruptcy Institute reported that the 292,291 total of U.S. bankruptcies filed during the third quarter represent a ... [ Full Story ]
AmeriCredit Names New Board Director -- December 16, 2008
FORT WORTH — AmeriCredit recently announced a new member to its board of directors, in addition to retiring $108 million of senior notes due 2015. Becoming a board director is ... [ Full Story ]
Manchester Inc. Emerges from Chapter 11 as Navigator Holdings -- December 16, 2008
ATLANTA — Apparently, as of June, Manchester Inc. is now known as Navigator Holdings, according to a statement that came out Monday. The company and its subsidiaries ... [ Full Story ]