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 […]

Sued By Jefferson Capital Systems, LLC In New York or New Jersey?

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 by some company called Jefferson Capital Systems, LLC.  You’ve received a notice from your County Sheriff or a New York City Marshall that […]

Debt Collection Law Firm Forster & Garbus Filed a Whopping 23,312 NY Debt Collection Cases In 2018

By: Robert J. Nahoum According to the New York State Unified Court System, the prolific debt collection law-firm Forster & Garbus filed a staggering 23,312 New York debt collection lawsuits in 2018 alone.  Drilling down on the numbers shows where the highest concentration of Forster & Garbus debt collection cases were filed: Almost 4,000 in the Bronx Over 5,500 in […]

NY Debt Collection Law Firm Forster & Garbus Filed Only 1,228 Debt Collection Cases In 2017

By: Robert J. Nahoum According to the New York State Unified Court System, the prolific debt collection law-firm Forster & Garbus filed only 1,228 New York debt collection lawsuits in 2017.  This is down considerably from the number of cases Forster & Garbus filed in 2016. Forster & Garbus represents some of the most active creditors and debt buyers including: […]

Debt Buyer Absolute Resolutions Filed Only 118 New York Debt Collection Cases In 2016

By: Robert J. Nahoum   Absolute Resolutions 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 only 118 New York debt collection lawsuits in 2016. While Absolute Resolutions […]

Debt Buyer Razor Capital, LLC Filed Only 62 New York Debt Collection Cases In 2016

By: Robert J. Nahoum Razor Capital, LLC is a notorious “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, Razor Capital has all but shut down filing new debt collection cases in New […]

NY Debt Collection Law Firm Forster & Garbus Filed 14,466 Debt Collection Cases In 2016

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 14,466 New […]