By: Robert J. Nahoum THE PROBLEM We are in the depths of the Corona-Economy, as of this writing, nearly 10 million US workers have already filed for unemployment benefits with far more to come. These numbers do not include gig workers and those still working but fewer hours. Given this extraordinary economic disruption for working Americans, the burden to make […]
Must You Pay Your Mortgage During the Corona-Economy?
U.S. Treasury Must Protect Stimulus Payments From Garnishment by Debt Collectors
FOR IMMEDIATE RELEASE: APRIL 1, 2020 National Consumer Law Center contact: Jan Kruse ([email protected]) Washington, D.C. – The U.S. Department of the Treasury must act immediately to ensure that the stimulus payments about to go out to millions of Americans are available for food and necessities and are not grabbed by debt collectors, according to advocates at the National Consumer Law Center. […]
Your Coronavirus Stimulus Check is Not Fully Protected From Judgment Creditors
By: Robert J. Nahoum THE PROBLEM You have heard the good news that the federal government is going to help working people survive the Corona-Economy by providing stimulus checks in the sum of $1,200 to adults with annual incomes up to $75,000[1], plus an additional $500 per child. This money is desperately needed to help pay rent and other bills. […]
Federal Student Loans Under the CARES Act
By: Robert J. Nahoum WHAT IS THE CARES ACT? On Friday, March 27, 2020 the Coronavirus Aid, Relief, and Economic Security (“CARESâ€) Act became law. The Act is a grab-bag of federal spending aimed at putting money in the pockets of businesses and people to stem the tide of the Corona Economy. Among the beneficiaries of the act are student […]
What is the Federal Government Doing for Federal Student Loan Borrowers in Response to the Corona Economy?
An estimated 92% of all student loans are, in one form or another, owed to the federal government. As part of its response to the Corona Economy, the federal government has acted to protect, for the time being, student loan borrowers. Here is what the Government is Doing: SUSPENSION OF INTEREST Interest has been waived for a 60-day period. The […]
Debt Collection Law-Firm Pressler, Felt & Warshaw, LLP Filed 13,086 NY Debt Collection Cases In 2019
By: Robert J. Nahoum According to the New York State Unified Court System, debt collection law firm Pressler, Felt & Warshaw, LLP (formerly known as Pressler and Pressler, LLP) filed 13,086 New York debt collection lawsuits in 2019. Drilling down on the numbers: 1,507 cases in the Bronx 2,151 case in Brooklyn 1,205 cases in Nassau County 2,428 cases in […]
Debt Collection Law-Firm Selip & Stylianou Filed a Whopping 23,776 NY Debt Collection Cases In 2019
By: Robert J. Nahoum According to the New York State Unified Court System, the prolific debt collection law-firm Selip & Stylianou, LLP (formerly known as Cohen & Slamowitz) filed a staggering 23,776 New York debt collection lawsuits in 2019 which is slightly down from the 28,939 it filed in 2018. Drilling down on the numbers: Nearly 3,000 in the Bronx […]
Debt Buyer Unifund CCR, LLC Filed Over 2,000 NY Debt Collection Cases In 2019
By: Robert J. Nahoum According to the New York State Unified Court System, “junk debt buyer†Unifund CCR, LLC filed a 2,222 New York debt collection cases in 2019. Unifund is regularly represented by New York debt collection law-firm mills Mullooly, Jeffrey, Rooney & Flynn, LLP and Kirschenbaum & Phillips PC. In a debt collection lawsuit, Unifund must prove that […]
Debt Buyer Portfolio Recovery Associates, LLC Filed 5,696 New York Debt Collection Cases In 2019
By: Robert J. Nahoum “Junk debt buyer†Portfolio Recovery Associates, LLC (PRA) buys up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar and then sues to recover the full balance. According to the New York State Unified Court System, PRA filed 5,696 New York debt collection […]
Consumer Debt Buyer LVNV Funding LLC Filed 7,521 New York Debt Collection Cases In 2019
By: Robert J. Nahoum According to the New York State Unified Court System, “junk debt buyer†LVNV Funding filed 7,521 New York debt collection lawsuits in 2019 including 2,451 cased in the Bronx, 1,022 cases in Nassau County, 1,346 cases in Manhattan and 2,338 cases in Queens. In 2017, Resurgent Capital Services LP, parent company of junk debt buyer LVNV […]