Search for: "Debt Buyers Association"
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12 Dec 2017, 9:57 am
Also see earlier blawg post: Why should junk debt buyers benefit from the National Bank Act preemption when they are not national banks? [read post]
17 Nov 2017, 5:54 am
GENERAL BACKGROUNDPlaintiff Bradley Cousins brings this suit against Defendants Portfolio Recovery Associates, LLC and Western Surety Company (collectively "PRA") under the Fair Debt Collection Practices Act and the Texas Debt Collection Act. [read post]
17 Nov 2017, 5:54 am
GENERAL BACKGROUNDPlaintiff Bradley Cousins brings this suit against Defendants Portfolio Recovery Associates, LLC and Western Surety Company (collectively "PRA") under the Fair Debt Collection Practices Act and the Texas Debt Collection Act. [read post]
16 Nov 2017, 3:38 am
Debt? [read post]
15 Nov 2017, 6:00 am
In the emails, the scammers say they can recover the person’s money for him from a company, Norton Pearce Associates, that has filed for Chapter 7 bankruptcy. [read post]
15 Nov 2017, 6:00 am
In the emails, the scammers say they can recover the person’s money for him from a company, Norton Pearce Associates, that has filed for Chapter 7 bankruptcy. [read post]
10 Nov 2017, 3:05 am
When companies do not have sufficient assets to securitize senior debt, buyers often provide the seller with a note bearing a set interest and terms of repayment. [read post]
5 Nov 2017, 6:02 am
”Midland Funding LLC and similar nonbank debt buyers acquire charged-off debt at pennies on the dollar and therefore do not provide a means for the originating bank to “liquify their debts” and make capital available for further lending. [read post]
5 Nov 2017, 6:02 am
The sweeping conclusion that availability of credit will be reduced because national banks may find it more difficult to resell bad debt (that is currently being sold in bulk to debt buyers at fire sale prices) is simply unwarranted. [read post]
25 Oct 2017, 9:15 am
Article 4: Fair Collection Practices – Servicers should abide by the spirit of the Fair Debt Collection Practices Act, must vet and oversee the collection practices of third-party collectors and debt buyers, and must maintain and communicate accurate loan information. [read post]
23 Oct 2017, 11:04 am
The business will also likely have liabilities like hidden debts and potential lawsuits. [read post]
2 Oct 2017, 7:17 am
Some states recognize exceptions for: (1) a buyer who formally assumes a seller’s debts; (2) transactions made to defraud creditors; (3) a buyer who de facto merged with a seller; and (4) a buyer that is a “mere continuation of a seller. [read post]
25 Sep 2017, 11:25 am
However, Illinois law presumes that a buyer is not responsible for the debts and liabilities of the company it purchases. [read post]
25 Sep 2017, 11:25 am
However, Illinois law presumes that a buyer is not responsible for the debts and liabilities of the company it purchases. [read post]
13 Sep 2017, 2:32 pm
The caller, who identified the date the lawyer was admitted to practice law in Texas, offered the attorney a half-year free membership and listed associated benefits. [read post]
7 Sep 2017, 7:00 am
Increases in interest rates are typically associated with dampened investment activity. [read post]
1 Sep 2017, 12:33 pm
Taking the last case first, the sale to the buyer is likely void or voidable as against the buyer, which means the corporation may rescind (cancel) the sale of stock arguably at any time the issue is raised, at least until proper consideration is received by the corporation, such as all money due on the debt that is at issue. [read post]
1 Sep 2017, 8:39 am
These types of investments are a means for smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC. [read post]
25 Aug 2017, 12:56 pm
Borrowers are also defaulting on a ‘record number’ of auto debt[s] . . . . [read post]
22 Aug 2017, 8:14 pm
LON SMITH & ASSOCIATES, INC. [read post]
