Archive for August, 2008

Why suing on purchased debt is rarely successful.

Gary Nitzkin August 30th, 2008 Comments Off

A recent speaker at the Michigan Institute of Continuing Legal Education had talked about suing on purchased debt. He said that a debt buyer does not have to produce a witness from the originating creditor in order to prove his case at trial. While that may be true, its equally true that most debt buyers [...]

Should you take that asset if it has a lien on it?

Gary Nitzkin August 25th, 2008 Comments Off

An unfortunate part of my job is to have a court officer seize assets from people who refuse to pay the judgments that are placed with us for collection. I don’t like doing this for several reasons. First, I much prefer to work on a payment plan with a debtor and to collect the judgment [...]

Attorneys…use these tips to collect your fees…

Gary Nitzkin August 21st, 2008 Comments Off

Steve Harms, one of the giants in the legal debt collection community, spoke at the recent ICLE program. He spoke on the issue of attorney liens. Like us at Nitzkin and Associates, he does a lot of collection work for attorneys. He raised some very interesting points and gave us these tips for collecting fees [...]

In G-d, we trust and thank G-d for trusts to keep the creditors away from our assets.

Gary Nitzkin August 6th, 2008 Comments Off

My good friend and colleague, Howard Young works for the dark side. He is an asset protection planning attorney. Recently, he spoke at the Institute of Continuing Legal Education Seminar on Debt Collection. He said that he represents wealthy individuals and that if he does his job right, we will collect nothing from his clients. [...]

American Express sues Mastercard

Gary Nitzkin August 2nd, 2008 Comments Off

American Express settled its lawsuit against Visa for $1.8 billion. AE accused Visa conspiring to stifle banks from issuing AE credit cards. Mastercard has agreed to make 12 quarterly payments of $150 million each at AE. Here is AE’s chance to savor this moment and say “Priceless.”

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