Submitted by Anonymous (not verified) on Tue, 01/05/2021 - 20:41
The FTC allegedthat Midwest Recovery, and owners Brandon M. Tumber, Kenny W. Conway and Joseph H. Smith, collected more than $24 million from consumers on such debts, largely by debt parking.
What is “debt parking”, also known as “passive debt collection?”
Submitted by Anonymous (not verified) on Sun, 01/03/2021 - 21:11
CFPB Sues Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp for Collecting Debts Beyond Statute of Limitations without disclosing debts were uncollectable, and other illegal acts
Submitted by Anonymous (not verified) on Fri, 01/01/2021 - 03:15
How Does the Consolidated Appropriation Act Intersect with Bankruptcy?
December 27, 2020 Congress passed the longest bill ever – 5,600 pages. The Consolidated Appropriation Act “CAA”, I can only assume, like so many of the other laws created by the Legislative branch, that this huge Act contains lots of special interest provisions, but I regress. My focus here is to discuss how this Act interconnects with bankruptcy (note – the entire Bankruptcy Code is less than 200 pages). The following is reprinted for educational purposes only.