A group of bondholders of Intrum, a Swedish debt servicer and buyer, are challenging the filing of a Chapter 11 filing in the US, which is expected to be decided by a judge in December, Bloomberg Law reports. The creditors, who believe they are being penalised by the proposed changes, filed a motion yesterday to have the company’s Chapter 11 filing in Texas voided, arguing that it was not done in good faith. A lawsuit has also been filed in Swedish courts to invalidate the changes to Intrum’s bonds.
