Intrum, the Swedish debt buyer and servicer, has received approval from the Texas Bankruptcy Court for its Chapter 11 reorganization plan, rejecting the motion to dismiss filed by some minority bondholders. The company now plans to initiate the restructuring process under Swedish law, aiming to complete it by the first half of 2025, subject to approval by the relevant authorities. With the support of the majority of creditors and bondholders, Intrum aims to successfully conclude the recapitalization transaction, which will strengthen its financial structure and ensure sustainable growth. In the meantime, the company continues to operate normally, providing essential services to clients and consumers.
