Founded in 1994, SquareTwo Financial Corporation grew to become one of the largest purchasers and managers of charged-off consumer debt in the United States. The company operated by acquiring portfolios of distressed receivables from major financial institutions, credit card issuers, and retailers at a discount. It then managed the collection of these debts through a nationwide network of owned and partnered law firms. In March 2017, facing significant financial challenges, SquareTwo Financial filed for Chapter 11 bankruptcy and its debt portfolios were ultimately acquired by companies including Resurgent Capital Services.

Founded in

United States