Credit repairer PGX begins bankruptcy with $12 million loan
By Dietrich Knauth (Reuters) – Credit repair company PGX Holdings Inc was approved for a $12 million bankruptcy loan on Tuesday, which it will use to auction its assets after the U.S. Consumer Financial Protection Bureau successfully challenged its billing practices. U.S. Bankruptcy Judge Craig Goldblatt in Wilmington, Delaware approved the loan, allowing PGX, which…