Asset Acceptance Reports Rough Second Quarter; Announces Change at CEO

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Asset Acceptance Reports Rough Second Quarter; Announces Change at CEO
Accounts receivable management firm Asset Acceptance Tuesday reported a drop in cash collections, revenue and income for the second quarter of 2008 in the face of a “challenging” collections environment. The bad debt buyer also announced that Brad Bradley would step aside as President and CEO at the beginning of 2009 to make way for Rion Needs. Warren, Mich.-based Asset Acceptance Cap
 
Topic: Collections Industry