By: Robert J. Nahoum As part of the roll out of the new New York debt collection laws, the New York Department of Financial Services has issued guidance through a “Frequently Asked Questions†page on its website. The FAQs clarifies the extent of the regulations and debt collectors’ responsibilities. The FAQ states that: “Does 23 NYCRR 1 apply to the […]
NY Dept. of Financial Services Issues Guidance on New Debt Collection Regulations
Will I Have to Appear In Court in a Debt Collection Lawsuit?
By: Robert J. Nahoum The Problem: You’ve been served was a summons and complaint or discovered that you have a default judgment entered against you. It’s a debt collector suing you on an old credit card or medical debt.  You’ve done your homework on the internet and realized that you can’t simply ignore the case as that will only make […]
Superior Court of NJ Special Civil Part, The NJ Debt Collection Court
By: Robert J. Nahoum Each county in New Jersey has a Superior Court. Within that Superior Court there are three different divisions that hear different kinds of cases. The three divisions are: (1) The Law Division – Civil Part which has no monetary limit on the value of cases and usually hears cased involving automobile accidents, medical malpractice and commercial […]
Sued By Pressler and Pressler in NY or NJ?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint, the law-firm Pressler and Pressler, LLP is listed as the attorney for some company you have never heard of who is suing you for an old debt you’re not familiar with. WHO IS PRESSLER AND PRESSLER, LLP?: Pressler and Pressler is most often identified […]
Sued By Razor Capital, LLC In New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Razor Capital, LLC is suing you for an old debt. WHO IS RAZOR CAPITAL, LLC?: Razor Capital, LLC is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies […]
Sued By Cypress Financial Recoveries, LLC In New York or New Jersey?
By: Robert J. Nahoum THE PROBLEM: You have just been served was a summons and complaint. Cypress Financial Recoveries, LLC is suing you for an old debt. WHO IS CYPRESS FINANCIAL RECOVERIES, LLC?: Cypress Financial Recoveries, LLC is an infamous “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car […]
Debt Buyer Razor Capital, LLC Filed 1,575 New York Debt Collection Cases In 2014
By: Robert J. Nahoum Razor Capital LLC is an notorious “debt buyerâ€, 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, Razor Capital filed more than 1,500 New York debt collection lawsuits in 2014 alone. Debt […]
NY Debt Collection Law-Firm Rubin & Rothman LLC Filed 6,669 Collection Cases In 2014
By: Robert J. Nahoum Rubin & Rothman LLC is an infamous debt collection law-firm representing creditors, auto lenders, private for profit colleges and debt buyers. According to the New York State Unified Court System, Rubin & Rothman filed more than 6,600 New York debt collection lawsuits in 2014 alone. Debt collection cases like these are most often brought in New […]
NY Debt Collection Law-Firm Mel Harris & Associates Filed 5,241 Collection Cases In 2014
By: Robert J. Nahoum Mel S. Harris & Associates is an infamous debt collection law-firm representing creditors and debt buyers. Debt buyers buy 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, Mel Harris & Associates filed […]
NY Debt Collection Law Firm Forster & Garbus Filed 33,463 Collection Cases In 2014
By: Robert J. Nahoum Forster & Garbus, LLP is an infamous debt collection law-firm representing creditors and debt buyers. Debt buyers buy 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, Forster & Garbus filed more than […]