Attempting to Collect Debt Discharged in Bankruptcy Is Illegal

By: Robert J. Nahoum Debt collectors are known for their persistence when it comes to collecting debts. However, the Fair Debt Collection Practices Act (FDCPA) imposes certain restrictions on the methods used by debt collectors to collect debts. In particular, the FDCPA prohibits debt collectors from attempting to collect debts that have been discharged in bankruptcy. Bankruptcy is a legal […]

Developments in Medical Debt Collection to Help Consumers

By: Robert J. Nahoum Medical debt collection has become a hot topic in recent years, as healthcare costs continue to rise, and more people struggle to pay their medical bills. According to a study by the Consumer Financial Protection Bureau (“CFPB”), around 43 million Americans have medical debt on their credit reports, with the average amount owed being around $579. […]

CFPB Takes Action Against Debt Collection Mill Forster & Garbus to Halt Junk Debt Collection Lawsuits

By: Robert J. Nahoum The Federal Consumer Financial Protection Bureau (CFPB) brought a court proceeding against prolific debt collection mill Forster & Garbus alleging that the law firm illegally sued consumers on behalf of big national banks including Citibank and Discover, among others. In an announcement by the CFPB, it was reported that “If approved by the court, the proposed […]

Debt Buyer Absolute Resolutions Filed 784 New York Debt Collection Cases In 2021

By: Robert J. Nahoum Absolute Resolutions Investments, LLC is a “junk debt buyer”, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, Absolute Resolutions filed 784 New York debt collection lawsuits in 2021. While Absolute Resolutions […]

Debt Collection Law Firm Mullooly Jeffrey Rooney & Flynn LLP Filed 6,569 NY Debt Collection Cases In 2021

By: Robert J. Nahoum Debt collection law-firm Mullooly Jeffrey Rooney & Flynn represents creditors and junk debt buyers in debt collection cases throughout New York. According to the New York State Unified Court System, Mullooly Jeffrey Rooney & Flynn filed 6,569 New York debt collection lawsuits in 2021.   Drilling down on the numbers: 682 in the Bronx 1,298 in […]