Debt Collectors Trick You into Bringing Old Debts Back to Life

Old Debt Can Die, But If You Pay Even a One Cent the Debt Comes Back to Life “Zombie Debt”
LAWS THAT PROTECT THE BORROWER – UNTIL THEY DON’T. DEBT COLLECTORS TRICK CONSUMERS INTO BRINGING DEAD DEBTS BACK TO LIFE.

Seniors Saddled With Student Loans

Seniors are the Fastest Growing Group with Student Loan Debts.
Older student loan borrowers quadrupled since 2005

Cabbies worry as hedge fund snaps up taxi medallions New York Post February 20, 2020

New York taxi drivers and politicians are raising alarms after a secretive hedge fund this week quietly became the city’s largest owner of taxi-medallion loans.

Marblegate Asset Management — a tight-lipped investment firm that has already scooped up some 300 medallions and 1,000 loans, many of them previously owned by disgraced “Taxi King” Gene Freidman — has taken over loans tied to an additional 3,000 New York medallions, sources told The Post.

New York Attorney General Accuses N.Y.C. of Fraud Over Taxi Crisis from New York Times

The state’s attorney general is seeking $810 million from the city to compensate financially struggling taxi medallion owners. New York State’s attorney general on Thursday accused New York City of committing fraud by artificially inflating the value of yellow taxi medallions, and she demanded $810 million from the city to compensate the thousands of cabdrivers who are now saddled with enormous debt.

No Money Down Bankruptcy

Pages

Subscribe to Bankruptcy Resources RSS