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

Troutman Sanders

Palisades Acquisition XVI, LLC , the plaintiff incurred a credit card debt, which was later assigned to a new creditor. The default judgment was later assigned to Palisades Acquisition. Palisades Acquisition subsequently recovered $572.45 The plaintiff never repaid the garnished money. In McCrobie v.

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Law Firm's Garnishment Activities Do Not Violate FDCPA

Consumer Financial Services Law

Palisades Acquisition XVI, LLC, 635 F. The case arose from the law firm’s post judgment efforts to garnish wages. After serving a garnishment summons, the consumer claimed the funds as exempt. The defendants then made four additional attempts to garnish funds. See, e.g., Hemmingsen v. Messerli & Kramer, 674 F.3d

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Another revision makes it mandatory for hospitals seeking to garnish a patient’s wages or bank accounts to include with the summons and complaint initiating such action an “affidavit of expert review” making various certifications.

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How To Remove Cavalry SPV I LLC From Your Credit Report

Better Credit Blog

Instead, it’s an agency that purchases debts from companies, for pennies on the dollar, then collects payments from debtors. If a debt collector attempts to garnish your wages or bring a lawsuit against you, they’ll have your back, too. That’s because Cavalry isn’t actually a lender or service provider. Learn More about Credit Saint.

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Why Buffalo is a hub for illegal debt collectors

Collection Industry News

Some companies buy old debt, collect what they can on it, and then – instead of canceling the debt, which they are supposed to do – they just sell the list of debtors to another company,” Morrissey said. But like many debtors, debt collection kingpins have been elusive when it comes to paying what they owe. million home.