Troutman Sanders

NOVEMBER 8, 2023

Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt. After receiving notice of representation, the defendant sent five billing notifications to the plaintiff and made six telephone calls attempting to collect on the $5 monthly payment.

Creditors 52

Creditors Chapter 7 bankruptcy Unsecured Creditor Debt collector 52

Troutman Sanders

JANUARY 10, 2023

In practice, the court’s ruling relegates Earn Account holders to the class of “unsecured creditors,” and their ability to recover their losses depends on two circumstances: (1) priority of distributions to unsecured creditors under a confirmed Chapter 11 bankruptcy plan and (2) the liquidity of the bankruptcy estate.

Financial services 52

Financial services Unsecured Creditor Bankruptcy Banks 52

Troutman Sanders

NOVEMBER 7, 2023

On October 30, the FTC announced that it had banned the owner of a small business funding company from both the merchant cash advance and debt collection industries. The company expects to have sufficient funds to fully repay unsecured creditors. Bittrex had previously paid more than $29 million in fines for alleged U.S.

Financial services 52

Financial services Debt collector Loans Foreclosure 52