Discharging Debt

Discharging a Debt

Discharging a Debt The only way to judicially “discharge” a debt is to complete a bankruptcy through either chapter 7 or chapter 13 of the U.S. Bankruptcy Act. The final Order in such a proceeding, signed by the Bankruptcy Judge, orders that all debts listed by the debtor are “discharged”. There is much confusion as…

Portfolio Recovery Fined

Federal Government fines Portfolio Recovery Associates $8 million!

Federal Government fines Portfolio Recovery Associates $8 million! After the 2008 financial crisis, Congress created the Consumer Financial Protection Bureau, as authorized by the Dodd–Frank Consumer Protection Act, as the only federal agency with the sole mission of protecting consumers in the financial marketplace. The Consumer Financial Protection Bureau (CFPB) is an independent agency of…

Midland Funding Fined

Federal Government Fines Midland Funding Millions of Dollars for False and Deceptive Collection Practices

Federal Government Fines Midland Funding Millions of Dollars for False and Deceptive Collection Practices After the 2008 financial crisis, Congress created the CFPB as the only federal agency with the sole mission of protecting consumers in the financial marketplace. The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible…

Wells Fargo Fined

Federal government fines Wells Fargo bank $100 million

Federal government fines portfolio recovery associates $8 million! After the 2008 financial crisis, Congress created the Consumer Financial Protection Bureau, as authorized by the Dodd–Frank Consumer Protection Act, as the only federal agency with the sole mission of protecting consumers in the financial marketplace. The Consumer Financial Protection Bureau (CFPB) is an independent agency of…

US Supreme Court Building

United States Federal Court refuses to dismiss case against Midland Funding, LLC

United States Federal Court refuses to dismiss case against Midland Funding, LLC A consumer, represented by a consumer attorney, sued Midland Funding, LLC in the United States District Court, Northern District of Alabama, Southern Division, for unlawful collection activity in the case of Ferrell v. Midland Funding, LLC. 2:15-cv-00126JHE. The consumer, Ms. Ferrell, sued Midland…

Consumer Wins Against Portfolio Recovery

Consumer wins judgment against Portfolio Recovery Associates For $82 million!

Consumer wins judgment against Portfolio Recovery Associates For $82 million! Two years ago a Kansas City woman, Marie Guadalupe Mejia Alcantara was sued by Portfolio Recovery Associates LLC for not paying a credit card debt that Portfolio claimed they had purchased. Portfolio Recovery Associates, LLC is a wholly owned subsidiary of PRA Group, Inc., which…

Midland Funding Fined by Arizona

Midland Funding Fined by Arizona

State of Arizona Fines Midland Funding $750,000 for Unlawful Collection Practices While Midland Funding, LLC is the “shell” that sues Arizona consumers, the actual collection operations, including collection lawsuits, is handled by Midland Credit Management, Inc. Midland Credit Management, Inc. has a 36,000 square foot operations center in Phoenix, which includes not only collection activity,…