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Debt Resolve’s statements criticized

September
25

A day after Debt Resolve Inc. of White Plains said it was cancelling its deal to buy Creditors Interchange Inc., the Buffalo, N.Y., company slammed Debt Resolve for “false and misleading statements.� In a statement released Monday, James D. Burchetta, the co-chairman and chief executive of Debt Resolve, characterized Creditors Interchange’s financial condition as deteriorating. Creditors Interchange’s today released a statement from its owners and managers that said: “We stand behind the 47 years of history and financial strength of CI.�

This entry was posted on Tuesday, September 25th, 2007 at 5:08 pm by Julie Moran Alterio.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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