By: Robert J. Nahoum
According to the New York State Unified Court System, “junk debt buyer†CACH, LLC filed only 63 New York debt collection lawsuits in 2017 which is 95% less than the 1,424 it filed in 2016.
The substantial lull in filings was no doubt due the Chapter 11 bankruptcy filing of CACH’s parent company SquareTwo Financial Corp. SquareTwo filed for bankruptcy reorganization in March, 2017 and has since been bought out of the bankruptcy by industry competitor Resurgent Capital Services LP, parent company of junk debt buyer LVNV Funding.
While SquareTwo was in bankruptcy, for all intents and purposes, there was a pause on CACH’s debt collection activities. It is unclear whether in the future CACH LLC will continue to file new case or whether its accounts will be migrated over to is sister junk debt buyer, LVNV Funding.
CACH, LLC is located at:
4340 S. Monaco, 2nd Floor
Denver, Colorado 80237
CACH, LLC is an accused violator of federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) and is sued regularly by consumers for these violations. The FDCPA is a federal law that regulates the collection of consumer debts. It precludes third party debt collectors from using false, misleading, deceptive and harassing debt collection tactics.
If you need help settling or defending a debt collection law suit, stopping harassing debt collectors or suing a debt collector, contact us today to see what we can do for you. With office located in the Bronx, Brooklyn and Rockland County, the Law Offices of Robert J. Nahoum defends consumers in debt collection cases throughout the Tristate area including New Jersey.
The Law Offices of Robert J. Nahoum, P.C
(845) 232-0202
www.nahoumlaw.com
info@nahoumlaw.com