Earlier this year, I predicated that an earthquake may erupt in 2015 in the Georgia bankruptcy world. It has. The Georgia garnishment statute has been declared unconstitutional. The Daily Report states, “Thursday’s ruling by U.S. District Senior Judge Martin Shoob said that the statute violated constitutional guarantees of due process by not giving debtors enough […]
Earthquake in the Georgia Bankruptcy World Read More »
“A deluge has swept through U.S. bankruptcy courts of late. Consumer debt buyers – armed with hundreds of delinquent accounts purchased from creditors – are filing proofs of claim on debts deemed unenforceable under state statutes of limitations,” writes Judge Richard Goldberg in Crawford v. LVNV Funding LLC, et al (11th Circuit 7/10/14). For years,
The Tide Has Turned Against Collectors in Bankruptcy Read More »
Asset Acceptance was recently fined $2.5 million dollars because of their collection practices (click here to read an article in Business Week about this topic). To the normal person, $2.5 million dollars is a tremendous amount of money but to a company that takes in over $100 million per year, this is just a small
Asset Acceptance Gets Slapped With a 2.5 Million Dollar Fine By The FTC Read More »
The Wall Street Journal recently reported that one the nation’s largest debt collectors has used the signature of a dead person to collect on debts (click here to read the article in the WSJ). Martha Kunkle died in 1995. Her death did not stop Portfolio Recovery Inc. from using her signature to sue people. The
Debt Collector Uses The Signature of a Dead Person to Collect Read More »