November 20, 2018 – Oak Point Partners acquired the remnant assets of the Small Loans, Inc., et al., Bankruptcy Estates in November 2018. On December 16, 2011, Small Loans and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Alabama, jointly administered under Case No. 11-12254. Thereafter, the Court entered an order confirming the Debtors’ Amended Joint Chapter 11 Plan of Liquidation, which appointed a Liquidating Trustee, charged with winding down the Bankruptcy Estates for the benefit of the creditors.
About Small Loans, Inc., et al.
Founded in 1987, Small Loans was a provider of direct consumer loans, consumer sales finance contracts and motor vehicles sales contracts. At the time of the bankruptcy filing, Small Loans operated over 90 locations across the Southeast United States.
Small Loans also operated under the trade name The Money Tree, Inc.
The former headquarters of Small Loans was located in Bainbridge, GA. The company also had corporate addresses in Dothan, AL, Quincy, FL, and Opelousas, LA.