Bankruptcy Judgment Original Creditor 
Account Recovery
FEBRUARY 18, 2025
THE COMPLIANCE DIGEST IS SPONSORED BY: BK Filings Surge in 2024, Continuing Rebound from Historic Lows Total bankruptcy filings jumped 14.2% WHAT THIS MEANS, FROM LAURIE NELSON OF PAYMENT VISION: The surge in bankruptcy filings in 2024 presents both challenges and strategic opportunities. See this vivid sinkhole video from July 2024.
Credit Corp
MARCH 12, 2025
Failing to respond can result in default judgment, allowing the creditor to take action by seizing your assets or withholding your wages. Filing for Bankruptcy One option is filing for bankruptcy, which can help to immediately stop collection actions, including the lawsuit itself, through an automatic stay.
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Debt Free Colorado
FEBRUARY 21, 2022
Bankruptcy may appear to be a scary process, but it does not have to be. You may be able to apply for one of many different types of bankruptcy, each of which accomplishes various aims, depending on your specific situation. The Fair Debt Collection Practices Act (FDCPA) does not apply to original creditors or cover company obligations.
Consumer Financial Services Law
MARCH 15, 2019
A district court in Michigan recently dismissed an FDCPA action, holding that a letter which included a bankruptcy disclaimer was for informational purposes only and did not violate the FDCPA. The case centers around a single letter and a bankruptcy disclaimer. In 2015, Tyler’s mortgage debt was discharged in bankruptcy.
Better Credit Blog
APRIL 1, 2022
Write a letter to the original creditor or collection agency and ask them to remove the negative entry from your credit history as an act of goodwill. Developing these good habits will help a lot, but let’s be clear: a major negative entry like bankruptcy, foreclosure, or repossession on your credit file will cause bad credit.
Troutman Sanders
JANUARY 12, 2023
The conduct provisions in the Stipulated Final Judgment and Order look substantially similar to those in the Hanna and Pressler cases previously entered into by the CFPB. Under the settlement agreement, the law firm agreed to obtain proper supporting documents before filing collection lawsuits and also to pay a $100,000 civil penalty.
Credit Corp
JUNE 14, 2023
Your creditor may sell your charged-off debt to a collection agency for pennies on the dollar. Pro tip: Even if a debt has been charged off, consider contacting the original creditor to negotiate a settlement. Bankruptcy: Seven or 10 Years Bankruptcies show up in the public records section of credit reports.
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