By: Robert J. Nahoum An underwater car is a car loan where the owner owes more on the loan than the car is worth. This can happen for a number of reasons, such as: Buying a car little to no down payment. Taking out a long-term car loan. Rapid depreciation of the car. Damage to the car. Why is Being […]
By Robert J. Nahoum Joint Bank Account Restrained Introduction We recently received a call from a panicked prospective client who was notified by her bank that a checking account she held jointly with her daughter had been restrained. She was anxious, embarrassed and confused about what was happening and what if anything she could do about it. The Client’s […]
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint or discovered that a default judgment was entered against you. You look a little deeper and learn that a company called Accelerated Inventory Management, LLC claims that you owe them a debt. You ask yourself, how can this be, I’ve never done business with […]
By: Robert J. Nahoum The infamous New York debt collection law firm Stephen Einstein & Associates, P.C. has merged with industry competitor, national law firm Tromberg, Morris & Poulin, PLLC. According to their websites: Stephen Einstein & Associates, P.C. was a relatively was a small player in the New York debt collection arena until it became the beneficiary of the […]
By: Robert J. Nahoum THE PROBLEM: Three scenarios might have led you this article: You have just been notified by your bank that your account has been frozen because there is a debt collection judgment against you. You call the bank to find out what’s going on and are told to speak some law-firm called Tromberg, Morris and Poulin, PLLC. […]
By: Robert J. Nahoum THE PROBLEM You are a small business owner. We are in the depths of the Corona-Economy and your business, along with the rest of the economy is crashing. You are desperate to keep things afloat and conclude you need quick business funding. You search the normal channels for raising capital, your bank and other trusted lending […]
- 15 U.S.C. §1692 et. seq.
- debt collection
- Debt Collection Defense
- debt collector harassment
The consumer heroes at the National Consumer Law Center have issued the following resource to help consumer protect their corona stimulus checks from levy and seizure by heartless and unscrupulous debt collectors: “The CARES Act authorizes payments up to $1200 to individuals and $2400 for couples, with an additional $500 for children under 17 years old. The payments phase out […]
In addition to being a consumer protection attorney, I am also a small business owner. Small businesses are going to suffer considerably during the corona virus pandemic. A 5-start review can go a long way to helping our favorite small businesses weather the storm.
By: Robert J. Nahoum According to the New York State Unified Court System, “junk debt buyer” Unifund CCR, LLC filed a 2,271 New York debt collection cases in 2018. 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 […]