Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Debt collection firm exits Sh113m bankruptcy
The company’s exit from administration, which has taken place in six months, has been enabled by a voluntary mix of debt-for-equity conversion by a majority of the creditors as well as re-profiling of obligations by a small portion of the creditors.
A debt collection company whose clients include banks and digital lenders has been saved from a Sh113.2 million dispute after inking an agreement with its creditors and exiting administration.
Collection Africa Ltd, a non-performing asset resolution and debt recovery firm, was placed under administration on September 29, 2025 by Rubicon Landing LLP after failing to honour payment obligations for Sh113.2 million raised through a private placement to select creditors.
