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Prospect News home > News index > List of issuers A > Headlines for American Business Financial Services, Inc. > News item
Published on 7/7/2005 in the Prospect News Distressed Debt Daily.

DK Acquisition buys $1.05 million claim against American Business Financial

By Caroline Salls

Pittsburgh, July 7 - DK Acquisition Partners LP bought Argo Partners' $1.05 million claim against American Business Financial Services, Inc., according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

Philadelphia-based American Business Financial Services originates, sells and services home equity loans and money mortgage loans. It filed for Chapter 11 bankruptcy on Jan. 21 and the case was transferred to Chapter 7 for liquidation on May 17. The company's case number is 05-10203.


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