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Did you hear the one about the woman that sued a debt collector…..and won!
Sounds like a lead-in to a joke, but this is no joking matter. A Kansas City woman, Maria Guadalupe Mejia, recently sued Portfolio Recovery Associates, LLC for violation of the Fair Debt Collection Practices Act. The jury awarded her $83 million! Wait……what? You heard right. She was awarded $83,000,000.00!!! Granted this may be an extreme […]
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Lost in Translation
Back in 2005, tough new laws were passed that changed bankruptcy forever. The 2005 Bankruptcy Reform Act was spearheaded by large credit cards companies in the hope of the eventual elimination of bankruptcy. For several years they would present their bill to congress and every year, congress would adjourn for the year before passing the […]
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Why Do People File For Bankruptcy?
When you think of the word bankruptcy, it may be difficult to think of something less appealing. Dental visits… tongue-scrapings…proctology examinations…toe fungus…YUCK!!! But in reality, bankruptcy is not the nasty, ugly thing that most people think of. Recently, bankruptcy attorney Jeff Badgley said this regarding bankruptcy; “There definitely is a stigma attached to it,” “When […]
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