Archive for June, 2006
Collection Industry reports reports that “Attorney General Eliot Spitzer today announced that his office has filed a lawsuit against a debt collection company alleged to have engaged in illegal and abusive practices to coerce payment on time-barred or unverified debts..” There is nothing new about a collection agency that engages in abusive practices. In its [...]
When Congress passed the American Jobs Creation Act of 2004, it agreed to allow the IRS to hire private debt collectors to collect back taxes. Recently, the IRS’s plan to employ two private debt collection agencies has been halted. What is disturbing about this statute is that it does not provide any remedies to the [...]
An interesting article in today’s Credit and Collection Website details how a name partner at a prominent law firm was hit with a jury verdict of $2.9 million for collection tactics that the jury did not like. Bernard Plechaty, 82, of Fort Lauderdaule, Fla., filed the lawsuit, claiming that Bob Weltman’s collection tactics (and presumably [...]
In USA Today, an article reports that the House of Representatives is expected to vote next week a bill that would prevent you, as the consumer from freezing your credit report. Freezing one’s credit report is the process of suspending further entries into your credit bureau in the event that your identity is stolen.
The bank lobby finally got is way in Congress with the Bankruptcy Abuse Preventon and Consumer Protection Act of 2005. Hell, you would’ve had to have been living under a rock in October 2005, not to have noticed the flurry of bankruptcy filings made before the deadline of the new Act. From a collection attorney [...]
Michigan adopted the Uniform Enforcement of Fraudulent Transfers Act.( “UFTA”). In a nutshell, UFTA says that if your debtor, while owing you money, transfers his assets to someone else, you can sue that someone else to collect what is owed to you. But the Michigan Court of Appeals recently decided the case of Mather Investors [...]