Unless you have a written agreement that the settled amount is satisfaction of the full debt from Chase then you don’t have a rock solid settlement. Without that agreement then just because a debt is charged off and reported on a 1099 does not make the matter closed.

A charge off is an accounting function and a 1099 is a reporting function. See this other article I wrote, “Debt Settlements May Be Voided And the Money Due Anyway.”

Steve

To anyone with concerns. Call the credit bureaus and tell them you have paid it off. They will find out who has it. If mannbracken still has yours and they dont report back to the bureaus then it will just be removed off your credit file. The reason why is because the collectors have 30 days to respond back to bureaus…so its to their benefit.

Mannbracken will not respond because they are not in business…Good luck!

As far as I am aware the actions against Mann Bracken only have to do with their ability to operate as a collection agency. All accounts they were agents for will be reassigned by the original creditors. Any debts they might have owned will be sold most likely. The active cases were dismissed but can be refilled.

Just because a debt is charged off does not make it not collectible.

Steve

He recommended I save the money I owe, 1800 left and then when contacted pay it off. He said keep the settlement letter and keep records of the payments they have taken out of my account. Of which I’ve kept record of every withdrawl they’ve made to the letter.

If Zwicker doesn’t show only the 4 payments remaining I would dispute the debt in writing and ask them to prove it.

Steve

They are gone and the offices are empty. There is nobody to call.

You’ll have to contact the original creditor and ask them for an accounting. Mann Bracken was the agent for them unless Mann Bracken had bought your debt.

Steve

I tried to call them to get the figures I need. All I have is a letter for the settlement amount, but not the original amount that was being contested. I refinanced by home, and my financier was nice enough to take if upon her self to negotiate my debt, all she could provide me was the settle ment letter and a low end/high end number that she got off of my credit report. I also paid on the debt for two years through the Walpoff/Bracken website, with one more year remaining. The month before we closed on the re-finance I called to make a partial payment because times were tight. Mann told us it was ok. When we went to refi the next month, they said I broke the settlement contract with the partial payment and we had to re-negotiate the amount, especially when they found out we were re-financing and they probably sniffed some home equity may be up for grabs. What a mess!!!!!! Is there still a legit number that they can be reached at, or are they totaly shut down?

You should but at this point, who knows. They may have already reported it to the IRS.

Steve

To get “it”, what is it?

Steve

You are always better being proactive rather than waiting for bad news to rain down on you. Get a copy of your consolidated credit report and that will show you who the creditor is.

Steve

First, I contacted the court clerk for General Sessions Civil Court in my city (Knoxville, TN). The clerk was as baffled as we are. Her only solution was for me to make my payments to my original creditor and send the payments through her office to be rerouted. While this sounded “plausible”, I wanted to make sure.

My debt is a credit card with Target National Bank so I called Target, directly. They are in the process of moving all accounts being held by Mann Bracken to another payment collecting agency, but in the interim, they have set up a payment processing center for my payments to be be sent to directly. The Target representative said that I would be contacted by new collection agency regarding future payments once all is settled, but until then, to continue making my payments to Target National Bank itself.

Yes, Mann Bracken is gone, but make no mistake folks. Our debts are still owed and our creditors are no dummies. If Target has their situation in hand, I’m sure most other creditors do, as well.

From all appearances it looks like Mann Bracken is now essentially out of business. Here is what I would urge anyone with a Mann Bracken payment to do.

If you owe a creditor: Call the creditor directly immediately and ask for advice on how to make your payment.

If you are paying on a judgment or court ordered payment: Call the clerk of the court from where the judgment was issued and ask for advice.

Bottom Line for all, just because Mann Bracken fails it does not change the fact a debt is owed.

Steve

Oh, that’s a really good argument.

Steve

I live in Tennessee and plan to contact my General Sessions Court Clerk on Monday to see what, if anything, I am required to do. If I find out anything, either positive or negative, I’ll post the info.

I’m checking with a regulator friend of mine in Maryland.

Steve

Call the clerk of the court where the order was issued and ask for advice.

Steve

Have you called them and asked?

Steve

What should I do about this situation (above)?

In other words, I hope it’s a massive “Get Out of Jail Free” card!

Steve

Mann Bracken is not bankrupt. If he does not provide the desired result, bring a lawsuit against him personally. He is a member (partner) of the firm.
.-= going after mann bracken´s last blog ..Chris Bracken – Current Contact Details =-.