February 2023
Struggling Aussies keeping up payments, Credit Corp says
The debt-chasing, short-term lending outfit has missed its earnings expectations but forecasts a recovery.
- Liam Walsh
September 2022
Lease stranglehold ‘helped sink’ Collection House
An administrator’s report into the collapsed debt chaser also examines the failed attempts to pull a financial rabbit out of the hat.
- Liam Walsh
August 2022
Credit Corp pays $11m for bust Collection House operations
The buyout will save hundreds of jobs, but with creditors owed more than $18 million, some will take a haircut on outstanding amounts.
- Liam Walsh
Debt collector leaves red ink for Charles Goode’s Flagstaff
The collapse of Collection House has left banks owed money, along with the blue-chip financial advisory.
- Liam Walsh
Credit Corp shares tumble on lukewarm debt chasing outlook
Despite profits jumping, the debt collector has forecast weak flows from Australian credit cards.
- Liam Walsh
July 2022
FTI extends Collection House final bids; 22 parties in data room
Broke debt collector Collection House’s administrators have given suitors another five days to firm up their bids.
- Jessica Sier, Sarah Thompson, Kanika Sood and Anthony Macdonald
FTI tallies up Collection House’s debt
FTI Consulting has mailed out debt collector Collection Houses’s lenders the details of its borrowings, as they met for the first creditors meeting at 1pm on Monday.
- Jessica Sier, Sarah Thompson, Kanika Sood and Anthony Macdonald
Insolvency fears at Collection House 6 months before administration
Documents obtained by AFR show insolvency experts were in talks with the embattled debt recovery outfit late last year.
- Liam Walsh
Broke Collection House planned to offload Volt stake
Before appointing administrators, the debt collector had hoped for an $8 million injection by selling its shares in the bank.
- Liam Walsh
June 2022
Debt chaser Collection House goes bust
Once one of Australia’s biggest debt collectors, and which made millions of dollars for its founders, Collection House has called in administrators.
- Liam Walsh
Volt failure puts boot into debt-chasing agency
Collection House has a stake, of dwindling value, in the fizzled neobank.
- Liam Walsh
April 2022
Listed debt collector Pioneer Credit in $45m purchase
Listed debt collector Pioneer Credit is understood to be close to capping off a $45 million-plus deal to buy a debt collection portfolio associated with listed peer Collection House.
- Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald
February 2022
Lenders take haircut in Credit Corp deal with Collection House
Debt chasing giant Credit Corp has taken a crippling monkey off the back of floundering rival Collection House in a complex deal.
- Liam Walsh
August 2021
‘Calmer’ this lockdown: Credit Corp expects stable repayments
One of Australia’s biggest debt collectors lifted profits this year, with the United States providing a big boost.
- Liam Walsh
June 2021
Morningstar data breach reveals KPMG deal maker lists
An alert system flaw for ASX-listed companies meant third parties could view project names KPMG had assigned, such as ‘Project Africa Comps’ for debt collectors.
- Liam Walsh and Edmund Tadros
February 2021
Public sector ‘keeps tight leash’ on debt chasing
Collection House posted a large fall in commission revenue to track down people who owe money.
- Liam Walsh
After COVID-19 fall, Credit Corp says loan demand reviving
Shares in the debt collection and lending outfit jumped as forecasts were upgraded.
- Liam Walsh
December 2020
Collection House board stands firm after lifeline hit
The $160m sale of key assets provides a lifeline but means the debt-chasing outfit will now book a $145.1m loss.
- Liam Walsh
Debt deal gives lifeline to Collection House
The sale of assets is on terms that saw rival Credit Corp already announce a profit boost.
- Liam Walsh
November 2020
Collection House shareholders in limbo and debt
Almost nine months after shares were first suspended amid a refinancing deal, Collection House investors remain stuck in limbo.
- Liam Walsh