Bankrupt Referred Account. Upon receipt of information that the obligor on a Referred Account has filed for bankruptcy or receivership, Agency shall immediately cease all efforts to collect on the Referred Account. Agency shall promptly transmit to Client all relevant information regarding the obligor’s bankruptcy. If Agency receives written notice of the obligor’s bankruptcy, Agency shall promptly transmit such notice to Client. If notice of a bankruptcy filing is provided verbally by the obligor or a third party, Agency shall attempt to obtain information regarding the jurisdiction in which the case has been filed and the case number assigned to the obligor. If bankruptcy information cannot be provided, Agency shall request the name and telephone number of the obligor’s attorney and shall request from the attorney a copy of the filed Voluntary Petition or the §341 Notice.
Appears in 33 contracts
Samples: Collections Services Agreement, Collection Agency Agreement (CURO Group Holdings Corp.), Collection Agency Agreement (CURO Group Holdings Corp.)
