IDT Carmel

IDT Carmel is an Accounts Receivable Management and Collections company, headquartered in Newark, New Jersey, USA and a is a wholly owned subsidiary of IDT Corporation's IDT Capital division. Founded in mid 2005 [ [http://www.insidearm.com/index.cfm?objectid=A3E81EB1-B3DA-179A-01EE90C18C35CC52 InsideARM: Telecom's Collection Arm Acquires Debt Collector and Debt Purchaser ] ] following the parent company's acquisition (NYSE|IDT) of Minnesota based People First Recoveries Inc, IDT Carmel operates from five global attorney based sites and call centers spread across New York, Minnesota, USA and Jerusalem, Israel.

IDT Carmel's CEO Steve Brown has recentley taken over for their previous CEO Alan (Ami) Schwaab. The company is currently lead by Mark Meiseinbacher as their COO.

IDT Carmel's assets and operations are thought to be IDT Corporation's highest placed investments as the company branches out into other business lines to increase its diversity and lower its risk profile [ [http://news.moneycentral.msn.com/ticker/article.aspx?Feed=BW&Date=20071210&ID=7923974&Symbol=US:IDT IDT Reports Results for the First Quarter of Fiscal 2008: Business Wire Business News: US:IDT - MSN Money ] ] . In an interview, IDT Corporation's Chairman Howard Jonas has even noted the possibility of it going public [ [http://www.kaulkin.com/press/mentions/2007-03-12_NJBiz.pdf http://njbiz.com/print_article.asp?aID=70132 ] ] .

ee also

* Debt Sales & Acquisitions
* Consumer debt
* Accounts receivable
* Debt settlement
* Debt arbitration

References