Analysis

Curo Not Alone In Yielding To Payday-Sector Headwinds

By Ben Zigterman · March 26, 2024, 7:35 PM EDT

Under pressure from increased regulatory scrutiny and changing consumer behavior, Curo became just the latest short-term lender to fall victim to bankruptcy and move away from the payday loan sector....

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Bankruptcy Scorecard

Summary

Consumer lender Curo Group Holdings Corp. filed for Chapter 11 protection in Texas on March 25 with a plan of reorganization supported by a majority group of creditors, saying it crumbled under a $2.1 billion debt load with high interest rates.

Case Number

4:24-bk-90165

Judge

Marvin Isgur

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$2.1 billion

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