Creditrust, a buyer of bad credit card loans, is selling a new package of asset-backed securities to a debt market that may have been spooked by the collapse of one of its competitors.

Creditrust, which buys bad card receivables at a discount and tries to profit from collecting on it, has hired Rothchild Inc. of New York to package and sell $45 million of its receivables. Creditrust, which brought the asset-backed securities to market last week, said it expects the offer, which would be its largest to date, to close by the end of July.

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