On March 19, 2017, SquareTwo announced an agreement under which Resurgent Holdings LLC or one or more of its subsidiaries or affiliates will acquire substantially all of SquareTwo’s portfolio of assets. The acquisition will occur through the purchase of the equity interests of certain of SquareTwo’s subsidiaries, including its Canadian subsidiaries and business. As a result of the transaction, over the remainder of the year, we will be assisting Resurgent with, among other things, the transfer of the servicing of accounts in the U.S. to Resurgent or its affiliates. Thereafter, we will be winding down SquareTwo and Fresh View Solutions solely in the U.S. Our Canadian operations will continue operations under Resurgent’s ownership.
At the same time, and in order to facilitate the transaction, we have also voluntarily filed “prepackaged” chapter 11 proceedings in the United States Bankruptcy Court for the Southern District of New York.
SquareTwo also filed for recognition of the U.S. chapter 11 proceedings under Part IV of the Companies’ Creditors Arrangement Act in the Ontario Superior Court of Justice. For more information for Canadian stakeholders, click here.
SquareTwo filed a “prepackaged” chapter 11 plan that has the necessary support from a majority of its secured lenders to undertake a restructuring plan that contemplates a change of control transaction.
SquareTwo is committed to communicating with stakeholders during this process. Additional information may be accessed using the tabs below.
In addition to this restructuring information page, you can call the restructuring information line or visit the claims agent website to assist with the claims process and answer any questions you may have.
Restructuring Information Line
(844) 205-4337 (Toll-free)
(917) 962-8384 (Outside the U.S. and Canada)
Claims Agent Website
(Includes e-mail contact form)