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Collecting Receivables After Going Through an Acquisition

FFGN COLLECT NY

Companies that grow by acquisition are often faced with challenges when taking a deep dive into recently acquired new customer accounts. Although acquisitions can increase your customer base, new client relationships don’t always go as anticipated. That can be especially true when it comes to collecting accounts receivables.

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New York District Court Approves Class Action in FDCPA Case Alleging Improper Debt Assignment Notification

Troutman Sanders

District Court for the Western District of New York granted the plaintiff’s motion for class certification for alleged violations of the Fair Debt Collections Practices Act (FDCPA) relating to an allegedly improper debt assignment notification. The default judgment was later assigned to Palisades Acquisition. In McCrobie v.

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District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA

Collection Industry News

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. The post District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA appeared first on Collection Industry News.

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District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA

Troutman Sanders

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. The District Court denied Axiom’s motion, applying precedent from the U.S.

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Meet some Buffalo debt collectors accused of unlawful practices

Collection Industry News

Jason Nocera anticipated law enforcement authorities might raid his debt collecting business. In 2019, debt collector Douglas MacKinnon and his Buffalo area companies, Northern Resolution Group, and Enhanced Acquisitions, agreed to pay $60 million to resolve a lawsuit filed by the U.S. A judgment of $22.5 Source: site.

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Why Buffalo is a hub for illegal debt collectors

Collection Industry News

Welcome to the world of illegal debt collections. The National Consumer Law Center calls Buffalo “an epicenter” of fraudulent debt collection activity. There are 156 debt collection companies – some of them legitimate, some not – in those two counties, employing more than 3,400 people, according to the state Labor Department.

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Law Firm's Garnishment Activities Do Not Violate FDCPA

Consumer Financial Services Law

Courts have long debated the extent to which a debt collection attorney’s representations to opposing counsel or the court during the course of litigation may violate the FDCPA and the results from different circuits have varied greatly. Palisades Acquisition XVI, LLC, 635 F. See, e.g., Hemmingsen v. Messerli & Kramer, 674 F.3d