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Check Cashing Bankruptcy Lawsuit


Zvi Guttman pays $210,000 settlement.


Check Cashing Bankruptcy

Baltimore, MD: (Oct-28-07) A&B Check Cashing, taken over by Global Express Money Orders, brought charges against trustee Zvi Guttman, alleging that the company was owed money in a bankruptcy proceeding. State regulators ordered Baltimore-based A&B to shut down in June 2006 amid allegations of a major check-kiting scheme. The firm filed bankruptcy days after the death of co-owner Alec Satisky, which the state medical examiner's office ruled a suicide. Records show that A&B owed Global Express nearly $2 million. Global spokespersons claimed that All A&B debts to Global Express were secured by an interest in A&B's property.

As part of a settlement reached, Global Express will receive a total of $210,000 from Guttman. Global Express filed a complaint against Guttman in 2006 seeking the $232,000 in cash A&B had on hand when it filed bankruptcy and $220,000 from the sale of A&B's assets. [BALTIMORE BUSINESS JOURNAL: CHECK CASHING]


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Bankruptcy

How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...

Protection from damages from Internet advertising fraud for owners of an Incorporated company?
The "corporate veil" that ordinarily protects business owners and managers from ...

Does a Chapter 7 bankruptcy discharge a secured mortgage loan?
Yes if you file they cannot sue you to the knowledge I know. My brother is in re...

Once a storage company takes possession of a stored asset and attempts to sell it to satisfy delinquent storage fees, can they continue to charge for storage?
what we found out is that the guy held onto the car since 99 and now wants all s...

I have a collection account on my credit report which states a later "account opened" date than the original creditor's default date on the very same report. What should I do? Do not want to file for bankruptcy.
You might consider contesting the account problem in question. If you call the c...


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