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Debt Relief Industry

What Planet is Debt Free Angels On? I’m Going With Uranus.

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A reader sent in a tip about a claim made on the San Antonio, Texas Debt Free Angels website (debtfreeangels.com) regarding how their service helps protect a security clearance. I thought they certainly can’t be saying that. And there it is. Debt Free Angels is a debt relief company that has appeared in this site before. You can see past ... Read More »

Ryan Sasson, Legal Helpers Debt Resolution and Others Sued by Employees New York Class Action Suit

On September 11, 2012 a suit was filed in New York by employees against LHDR Help, Legal Helpers Debt Resolution, Macey Aleman Hyslip & Searns, Thomas Macey, Jeffrey Aleman, Jeffrey Hyslip, Jason Searns, Credit Advocates Law Firm, and Ryan Sasson. The suit was filed by Benjamin Xue, Esq. & Brian Shenker, Esq, 401 North Broadway, Suite 1009, New York, New ... Read More »

Court Dismisses Lloyd Ward’s Suit Against GetOutOfDebt.org

On October 7, 2011 Dallas debt settlement attorney Lloyd Ward sued my wife, myself, this site, and the company. You can read about the suit at Lloyd Ward and Lloyd Ward & Associates Sue GetOutOfDebt.org. Today the court dismissed the case. – Source Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Larry Diodato Screaming At Me Makes Me Want to Know More About August Belmont and Company

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This story was written back in June, 2012 and we did not publish it at that time. But in light of the recent action by the Florida Attorney General against August Belmont & Company, Larry Diodato and others we are publishing it now since it is suddenly relevant in that it includes several of the entities named in the Attorney ... Read More »

The Future of Debt Relief Calls for Greater Transparency; Captain Debt America Answers the Call

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Most followers in Steve’s community are well aware that the debt settlement industry has taken its share of blows since the 2010 FTC Ruling. Unfortunately, many of the most ethical firms have born the brunt of that burden, putting increasing pressure on their finances. As competition continues to rise, legal models still claiming the attorney loophole, and state regulators remaining ... Read More »

Silverleaf Debt Solutions, Lloyd Ward and Others Sued by Ohio Bankruptcy Trustee

Lloyd Ward, Amanda Ward, Stephanie (Cherwin) Regner, Lloyd Regner at Turtle Creek Karaoke Lounge duing happier times. Now all are being sued in one or another debt relief lawsuits.

A bankruptcy trustee in Ohio has filed suit against the following parties: Lloyd Ward, Lloyd Ward & Associates, Lloyd Ward Group, Silverleaf Debt Solutions, fka Debt Relief RX USA, and Michael Miles. This complaint is interesting because it raises this point, “Defendants deceptively disparaged bankruptcy as a viable alternative for Debtors.” That’s the first time I can recall an attorney ... Read More »

Is Fast Track Debt Relief Thumbing It’s Nose at the FTC?

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A reader wanted to know about the representations made on the Fast Track Debt Relief website. Specifically they wanted to know if the claims made by Fast Track Debt Relief flew against the guidance given by the Federal Trade Commission when it came to making performance claims. And the reader does have a point. While Fast Track Debt Relief does ... Read More »

Morgan Drexen Claims Victory in Colorado Lawsuit Over Debt Management Services Act

A Colorado District Court has overwhelmingly ruled in favor of attorneys Drew Moore, Lawrence Williamson, Jr., and their legal support services provider, Morgan Drexen. A complaint was issued by the State of Colorado’s Attorney General’s office, arguing Morgan Drexen was subject to the state’s Uniform Debt-Management Services Act in its capacity as a legal support company. In each of the ... Read More »

Canadian Cambridge Life Solutions Draws More Unwanted Attention With Alleged Links to Past

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A reader sent in a tip about a recent article out in Canadian Business about the debt settlement efforts in Canada. Here are some excerpts: “The most visible of the new firms, Cambridge Life Solutions, launched a marketing campaign during the past year on radio, television and the Internet. It’s fronted by Ontario-born actor and pitchman Alan Thicke, star of ... Read More »

The Debt Answer and ABC Debt Relief Clients Facing an Uncertain Future

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A tipster (send in your tips here) sent in a copy of a recent court filing in Texas in the mosh pit of lawsuits between Lloyd Regner v. David Glenwinkel and Nisco Enterprises and Kevin Devoto v. Lloyd Regner, ABC Administrative Services, ABC Debt Relief, The Debt Answer, and Stephanie Cherwin. According to the court documents, Devoto, Regner’s former partner ... Read More »

FTC Slams Shut Operations of Debt Relief Marketers We’ve Written About

Today the Federal Trade Commission announced actions against a number of debt relief companies. Ironically, one was BlackRock Professional Corporation that I wrote about last week, here. Another was Jackson Hunter Morris & Knight, which we’ve written about here. Also named in the action are Nelson Gamble & Associates, which we’ve written about here. The FTC complaint and Temporary Restraining ... Read More »

Debt Relief Industry Not the Only Ones in the Income Toilet

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I saw this graph on the newspaper advertising business and it reminded me of what a graph of the debt relief business revenue would look like. Since the start of the economic crisis the demand and need for debt relief services, other than bankruptcy, has been declining. And while different factions of the debt relief industry point fingers at what ... Read More »

Consumer First Legal Group Concerns Raised by Reader

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We recently received a tip from a reader that made some claims about Consumer First Legal Group. The tipster (send in your tips here) said: “im sure you already have the jump on a few things. but in case you dont LHDR – The Mortgage Law Group now go by “Consumer First Legal Group”. They are playing the shell game ... Read More »

Another Door Closes for Attorney Loophole Debt Settlement. Persels & Associates Gets a No in CT.

The State of Connecticut Department of Banking has issued a very interesting declaratory ruling in the matter of Persels & Associates. I find it interesting because it is yet another example of how attorneys might not have such a “free pass” when it comes to offering debt settlement services all across the country. In this case the Persels & Associates ... Read More »

Connecticut Goes After an August Crop of Debt Relief Providers, Including Lawyers

I’ve said if before but the one state debt relief providers don’t want to mess with is Connecticut. Their Department of Banking is probably the leading department in the entire country for going after debt relief providers. I think what is obvious from this recent class of Connecticut students is that simply being a lawyer does not give you a ... Read More »

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