Collect Judgements

[New York Bankruptcy and Consumer Law Blog] Fitch’s newly launched Retail Credit Card Performance Index indicates that charge-offs for credit cards will likely rise during the rest of 2007. Chargeoffs are currently running at 4.21% for prime and 6.11% and 9.23% for retail and subprime credit cards, respectively. Managing Director Darryl Osojnak that the trend is definitely upwards, and he expects a continuation through the end of 2007. So what does this all mean?  Most likely an increase in bankruptcy filings as 2007 goes on. ...