INCREASING SUBPRIME AUTO LOAN DEFAULTS – THE CANARY IN THE COAL MINE FOR 2023 BANKRUPTCY FILINGS

By: Charles M Tatelbaum and Corey D. Cohen, Tripp Scott PA

Experience tells us that the recent increase in subprime auto loan defaults can be a reliable predictor of an overall increase in consumer bankruptcies which, in turn, causes problems for businesses in many sectors.  Recently reported data discloses that in the fourth quarter of 2022, subprime auto loan defaults increased by slightly more than 30%.

These defaults rise from a number of reasons, namely:  (1) higher interest rates on the subprime loans that have a floating rate of interest; (2) inflationary increases which have pinched consumers' budgets; and (3) increased costs of rental housing.

TSE's Candice Ericks Named One of City & State's Women Power 10

FORT LAUDERDALE, Fla., January 25, 2023 – Tripp Scott today announced that Candice Ericks, Director of Government Relations for TSE, the governmental affairs division of Tripp Scott, was named one of City & State Florida's Women Power 100. 

City & State is the premier media organization dedicated to covering Florida, New York and Pennsylvania's local and state politics and policy. Its in-depth, non-partisan coverage serves Florida’s leaders every day as a trusted guide to the issues impacting Florida. City & State Florida's Women Power 100 list is comprised of elected officials and high-powered lobbyists, leaders from the worlds of business, nonprofits, media, social justice, conservative think tanks and what we call the “persuasion industry”: public relations, strategic messaging and fundraising.

Tripp Scott Attorneys Represent Datum RMS for Major Sale of Controlling Stake to AES Engineering Ltd

FORT LAUDERDALE, Fla., January 24, 2023 – Tripp Scott today announced that its team, Tanya Bower, director and Arsen Pascua, attorney, successfully represented Datum RMS in the sale of the controlling stake of the company to AES Engineering Ltd.