Debt Validation of America Files Chapter 7 Bankruptcy

Debt Validation of America has appeared on this site many times over the years, click here.

A reader tipped me off the debt settlement company filed for chapter 7 bankruptcy protection. They filed on February 28, 2013.

Their bankruptcy application lists assets of $0 to $5,000 and liabilities of $50,001 to $100,000.

Morgan Bryan Perry signed the filing as President of Debt Validation of America.

The entire assets of the company were listed as four telephones, five desks and four computers worth $490.

The liabilities included a number of claims made by clients. Many with unknown values.

There was one very interesting entry for The Firm, PLLC for $16,817. The Firm was alleged to have taken over the services or accounts of Debt Validation of America at one point.

The downfall of Debt Validation of America was dramatic. They reported the following income:

2011 – $1,440,168
2012 – $161,087
2013 – $0

According to the filing there are a couple of ongoing lawsuits against them for breach of contract.

They closed their bank account on February 14, 2013 with $9.87 in it.

You can read the entire bankruptcy filing Source.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Do you have a question you'd like to ask me for free? Go ahead and click here.

Damon Day - Pro Debt Coach

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

Follow Me
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
Steve Rhode
Follow Me
Latest posts by Steve Rhode (see all)
See also  The Firm PLLC / Debt Validation of America - Consumer Complaint - February 15, 2013

2 thoughts on “Debt Validation of America Files Chapter 7 Bankruptcy”

  1. Thanks for the information. Any advice on how to get our money that they are holding in escrow back from them? And The Firm has assumed their accounts, but only if you agree to pay them all over again.


Leave a Comment