NewsBite

Credit Corp pays $11m for bust Collection House operations

Liam WalshReporter
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Debt chasing outfit Credit Corp is swooping on the leftovers of collapsed rival Collection House in an $11 million deal, saving hundreds of jobs but seeing some creditors taking a haircut on money owed.

“It’s an opportunity to expand considerably and add to our profits in future years,” Credit Corp chief executive Thomas Beregi told The Australian Financial Review.

Loading...
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Financial services

Fetching latest articles

Most Viewed In Companies

    The Australian Financial Review Magazine

    Peter Dutton photographed for AFR Magazine’s Power issue in 2023.

    BOSS Financial Review

    Kim Feitelberg established her haircare company, HairShots, in early 2023.

    Life & Leisure

    Lisa Stedman, chief operating officer at Cash Converters

    Rich List

    Nick Andrianakos, pictured in Greece’s Nafplio, where he had been building a hotel.

    Original URL: https://www.afr.com/companies/financial-services/credit-corp-pays-11m-for-bust-collection-house-operations-20220829-p5bdhz