Consumer Law

Debt Buyers Continue to Relentlessly--and Illegally--Pursue Consumer Debt Discharged in Bankruptcy

By Kemnitzer, Anderson, Barron, Ogilvie & Brewer

This post linked to BusinessWeek's fine article about consumers who file bankruptcy under Chapter 7 and are supposed to have their debts erased. Many post-bankruptcy consumers were finding that debt collectors were continuing to pursue them for debts already discharged in bankruptcy. BusinessWeek's article said the driving force behind this phenomenon is a vibrant market in which certain debt buyers avidly buy and sell debts that should have been extinguished.

I just received a telephone call from one of these debt buyer's New York lawyers. This person disputed the accuracy of a quote in the article from a lawyer for one of the debt buyers and demanded I take down the post. So, First Amendment consideration aside, read the article yourself. It's well worth it.

Full post as published by California Credit Law Blog on November 05, 2007 (boomark / email).