Asset Acceptance, a large debt buyer and collector, agreed to pay $2.5 million to settle a claim by the Federal Trade Commission. Read The Official Report The FTC alleged that Asset Acceptance engaged in a variety of unlawful debt collection practices, including threatening to sue on debts that were so old that they were time barred by the applicable statutes of limitations. This practice is widespread and violates the FDCPA which prohibits threats of action that the debt collector does not intend to undertake, like suing on debt that is "out of statute." (Read More About the FDCPA Here)
Debt Collectors Dealt A Serious Blow: Asset Acceptance Accepts $2.5 Million Penalty
Continue reading Debt Collectors Dealt A Serious Blow: Asset Acceptance Accepts $2.5 Million Penalty
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How Much Does Bankruptcy Cost?
Bankruptcy clients have many of the same questions. This is the first installment of a series of blog entries discussing some of the more common ones.
It makes sense that this is the most common question we get from potential bankruptcy clients. If you're already having financial problems, we understand how hard it can be to find more money to get a fresh start.
We also understand the need to get a sense of the costs and fees before undertaking a bankruptcy. This is why we provide a firm, written, fee quotation at the conclusion of your initial consultation, which is of course free.
Welcome to Our Cincinnati Bankruptcy Law Blog
We established this blog to share stories and information about topics relevant to our practice. Our intent is to highlight local stories, as well as national subject matter, that we think you will find interesting. We will regularly update this blog and encourage you to share your thoughts on these posts.
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