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Tag Archives: Attorney Model Debt Settlement

Attorney Model Debt Settlement Employee Speaks Out On How It Really Works

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My name is [redacted], and I worked for a debt settlement company in California known as [redacted] in 2010 and 2011. I was hired as a sales consultant, but was later moved into the negotiations department after most of our sales force was laid off as a resulting slowdown in our business due to the after effects of new government ... Read More »

Proof of Illegal Fee Splitting With Attorney Model Debt Settlement Company

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A tipster (send in your tips here) has sent in an email that came from one of the attorney model debt settlement companies still operating. The email makes mention of the company signing up new affiliates that were looking for a new home after leaving Bay View Law Group. The most interesting part of the email is the following statement ... Read More »

Ohio Says No to Debt Settlement by Out of State Lawyers

The Supreme Court of Ohio issued a recent ruling the forbids out of state lawyers from providing debt settlement services to Ohio residents. An out-of-state lawyer is not authorized to provide debt settlement legal services, including investigation, negotiation, and other nonlitigation activities, on a temporary basis in Ohio under Prof. Cond. Rule 5.5(c)(4) when the matter is not connected to ... Read More »

California Debt Settlement Legislation Tries to Close Attorney Loophole

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Apparently the attorney loophole for debt settlement services is being address in new legislation. The current bill passing through the legislative process in California has had a recent addition that specifically targets advanced fee attorney model debt settlement services. Here is what the current version of the bill says regarding attorney exemptions: Section 12501 “(E) An attorney who provides debt ... Read More »

Trials and Tribulations of Running a Legitimate Debt Settlement Company in Today’s Environment

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The following guest post was contributed by Alex Vieco of New Era Debt Solutions. Alex is an experienced debt settlement company executive and his company is a member of the AACC that works hard to create fair and balanced solutions for consumers with debt issues. If you would like to contribute a guest post, click here. I was recently asked ... Read More »

Do You Think the Attorney Model of Debt Settlement is Still a Loophole? – Chris

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“Hey Steve, I currently work in the Debt Relief Industry for a Company who provides Debt Management, Debt Settlement, and Bankruptcy. As of right now our Company provides an Attorney Model Debt Settlement program. We charge 15% of the enrolled debt which is spread out evenly over the entire payment plan. We also conduct a face to face consultation with ... Read More »

Attorney General of Colorado Tells Me There are Several Active Investigations Into Attorney Model Debt Settlement Companies

At the recent National Association of Attorneys General meeting in Charlotte I had an opportunity to talk to Attorney General John Suthers. General Suthers says attorneys should not hide behind attorney fronts and they are proceeding against attorneys since they are effectively debt relief operations. Attorney General John Suthers Interview Subscribe to Debt Interviews You can subscribe to my series ... Read More »

My Interview With Attorney General Roy Cooper from North Carolina on Attorney Model Debt Settlement

At the recent National Association of Attorneys General meeting I caught up with Attorney General Roy Cooper from North Carolina. We talk about debt relief services and the attorney model of debt settlement services. General Cooper talks about how the money paid in advance for debt relief services hurts both the consumer and the creditor. He talks about how working ... Read More »

Debt Settlement Attorney Referral Services Draw the Unwanted Attention of the Florida Bar

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The Florida Bar has launched a new investigation into for-profit lawyer referral services. The committee studying this was informed that the Attorney General’s Economic Crimes Office is investigating several lawyer referral services, both those registered and not registered with the Bar. Some of the services do “cold call” or direct solicitation, which is prohibited in Bar rules. According to information ... Read More »

Legal Helpers Debt Resolution Lawsuit May Just be the Primer to Kill Most Attorney Model Debt Settlement Groups

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For some it was only a matter of time before a regulator took a swipe at the attorney model debt settlement approach. Well today the mystery was solved of who it would be. Attorney General Lisa Madigan, a hero of many for standing up for consumers, answered the call and filed suit today against Legal Helpers Debt Resolution, headquartered out ... Read More »

Rally in Raleigh 2010 – Video of Session on How to Deal With State Regulators With Lynne Weaver, Assistant Attorney General, NC

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Below you will find a video from our Rally in Raleigh meeting in North Carolina on November 13, 2010. Lynne Weaver from the North Carolina Attorney General office joined us to discuss why debt relief companies appear on the radar of regulators, how to best deal with regulators, how to work with regulators, what companies most often do wrong that ... Read More »

I’ve Been Solicited by Wites and Kapetan to Restructure My Debt. – Margaret

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“Dear Steve, Ups and downs of commission-based salary coupled with tendency to put off tax debt to year end has resulted in 15 yr. accumulation of over 150K unsecured debt, most 3-9 months past due. Total equity less than 100K. Reduced income is allowing payment of mortgages and basic expenses, but little else. Have no more resources, have tried to ... Read More »

Interview with Allison Brown of the FTC on the New Debt Settlement Telemarketing Sales Rules

After the press conference at the White House with Vice President Biden and FTC Chairman Jon Leibowitz I had a moment to catch up with Allison Brown of the FTC to talk for a minute about the impact of the new telemarketing sales rules and how it would impact companies. Allison told me also that the new telemarketing sales rules ... Read More »

Court Finds Four Problems With Attorney Model Debt Settlement Firm Allegro Law

Keith “Andy” Nelms was a lawyer, before he was disbarred, that ran a debt settlement company that outsourced much of it’s debt settlement back office work to a non-attorney company, Americorp, which I’ve written about before. I’ll paste the entire court memorandum here and put my comments in [ ]. MEMORANDUM DECISION WILLIAM R. SAWYER, Bankruptcy Judge These related cases ... Read More »

The Debt Settlement Attorney Model Podcast

This week the podcast with Damon Day focused primarily on the attorney model in debt settlement and the problems associated with that. Here are some of the articles that relate to issues we talked about in the podcast. The Critical Flaw in The Attorney Model for Debt Settlement Mosler Law Firm and SFC State Capital Financial Kicked Out of Vermont ... Read More »

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