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Why Buffalo is a hub for illegal debt collectors

Collection Industry News

Some of the debts have been discharged in bankruptcy cases. The threats allegedly included claims they would be arrested on fraud charges, see their vehicle registrations canceled and have their wages garnished. He said “old debt,” also known in the industry as “bad paper,” is a list of people who are believed to owe money.

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A giant US hospital chain says it’s leading the fight against medical debt. Not all patients agree

Collection Industry News

They say the chains tactics drained their bank accounts, ruined their credit and, in some cases, helped push them into bankruptcy. Until March 2024, Advocate Health used South Carolinas department of revenue to garnish state income tax refunds from patients. Some felt helpless.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The OAG also found that the debt collection law firm illegally continued to pursue consumers for debts that were already paid or partially paid, and sometimes garnished wages for judgments that were completed. billion to Gemini Earn Program (Earn) customers through the Genesis Global Capital, LLC (GCG) bankruptcy proceeding.