Latest Posts
Home > Debt Articles > Debt Settlement Related

Debt Settlement Related

Walter Ledda, Working as Temp in Poland, Caught By Surprise in Morgan Drexen Case

The actual granular data presents a surprising reality.

New public documents filed in the Morgan Drexen case paint a picture of Walter Ledda caught by surprise by the turn of events. These excerpts are from the documents shown with the source link. You can click on those documents to read the full original filing. In the first document, Ledda represents the recent CFPB action caught him by surprise. ... Read More »

    World Law and Orion Processing – Raided – Frozen

    afraid alone

    Last week the CFPB raided Orion Processing’s headquarters after obtaining a search warrant. The CFPB filed a complaint last Monday, and obtained a Temporary Restraining Order (TRO) last Tuesday, which was under seal until late yesterday. With the TRO, the CFPB also obtained an asset freeze on all of the defendants’ assets. The defendants include Orion Processing, Derin Scott, David ... Read More »

      Helping America Group – You Used Them Yet?

      Feedback

      I just published a post where I took a look at recent job postings. The post mentioned a debt relief company I was not familiar with, Helping America Group. It appears the company is a recently converted corporation to an LLC and the contact person for the company is Jeremy Marcus. – Source The company says, “We are a risk ... Read More »

        Who is Prospectus Financial in Boca Raton, Florida?

        Adult Ed - Questions

        I received an email from a tipster (send in your tips here) about some company named Prospectus Financial in Boca Raton, Florida. I was unable to locate a website for the company but I did located job postings for Debt Resolution Specialists. – Source It is hard to interpret exactly what Prospectus Financial is offering but it sounds as if ... Read More »

          World Law Debt Forced to Liquidate in Bankruptcy

          Screen Shot 2015-08-22 at 8.37.30 PM

          A tipster (send in your tips here) told me that things turned dire at World Law Debt last week. Apparently their Chapter 11 bankruptcy reorganization was forced into a Chapter 7 liquidation after an application to the court by the Oregon Department of Justice because a number of problems the debt settlement company faced. For years World Law has been ... Read More »

            Morgan Drexen Bankruptcy Surprise Deposition

            IMG_0913

            It’s not often that a deposition is made available regarding Morgan Drexen, the now defunct debt settlement company. Since I’m sitting down to read the entire 121 page document I thought if I came across anything I found interesting for no particular reason, I’d just share it with you. All the material below comes from this document. The deposition conducted ... Read More »

              Debt Relief Advocates and Debt Arbitrators Named Again in Ohio

              Screen Shot 2015-08-18 at 10.13.12 AM

              I think debt relief companies often get the wrong impression about why I write articles about debt relief lawsuits. It’s not to call out the company named but to help other companies see what strategies are being used to challenge debt relief companies. In this suit the Plaintiff used an interesting approach and target the very method by which mailing ... Read More »

                Former Legal Helpers Employee Wonders About Colonial Law Group

                Screen Shot 2015-08-10 at 9.51.15 AM

                I received a tip from someone who claimed to be a former Legal Helpers Debt Resolution employee who pointed out something I should look at and raised an interesting observation. The person wondered if Legal Helpers Debt Resolution may have some relationship or link with Colonial law Group since, as they observed, the client agreements are nearly identical. What! There ... Read More »

                  Telephone Consumer Protection Act Class Action Filed Against Debt Relief and Collection Companies

                  need_to_know

                  About a week ago I published an article about the dangers faced by debt relief companies, and others, for violations of the Telephone Consumer Protection Act (TCPA). Well just today comes a class action case filed against Freedom Financial Network, Freedom Debt Relief, and Consolidated Credit Counseling. The case was filed in New York state. The bigger question here is ... Read More »

                    CFPB Says if Morgan Drexen Owes You Money You Are Potentially SOL

                    20150710-cash-630x420

                    The Consumer Financial Protection Bureau has finally taken down the old Morgan Drexen website and put up a message of their own. See MorganDrexen.com for the latest version of the CFPB informational message. But yesterday on the CFPB website they put up advice and information for consumers who were harmed in the Morgan Drexen / Walter Ledda debacle. The most ... Read More »

                      Kesher Law Group is Offered Up by Reader

                      tax_audit_questions1

                      In response to a previous article about the demise of Morgan Drexen a reader said I should take a look at Kesher Law Group. Kesher Law Group According to the State of California, Kesher Law Group, P.C. was formed on April 3, 2015 and is located at 675 Anton Boulevard, 2nd Floor, Costa Mesa, CA 92626 and the agent is ... Read More »

                        Door Slams Hard on Morgan Drexen Debt Settlement Company

                        M.D. Anderson's Houston Main Building is imploded Sunday, Jan. 8, 2012, in Houston. Opened in 1952 the 20-story building was the regional headquarters for Prudential Insurance Company. Prudential sold the building in 1975. ( Nick de la Torre / Houston Chronicle )

                        Surely a bunch of people at Morgan Drexen are blaming the U.S. Government and Consumer Financial Protection Bureau (CFPB) today for the utter demise of Walter Ledda’s creation, Morgan Drexen, on Friday. An insider told me over the weekend, “Just letting you know the court ordered Morgan Drexen’s trustee to seize operations immediately. Morgan Drexen was shut down today at ... Read More »

                          Two Debt Settlement Individuals Plead Guilty to Conspiring to Defraud Consumers through Fraudulent Debt Relief Services Firms

                          mans hands behind bars in jail or prison

                          Two individuals pleaded guilty today for their roles at fraudulent debt relief services companies that offered to settle credit card debts but instead took victims’ payments as undisclosed up-front fees, the Justice Department and U.S. Postal Inspection Service (USPIS) announced. Athena Maldonado, 30, and Christopher Harati, 31, both of Orange County, California, pleaded guilty to a one-count information alleging conspiracy ... Read More »

                            OMG, Morgan Drexen Loses Yet Again

                            quitting_a_job

                            Poor Morgan Drexen has been getting the shit kicked out of them lately. Just today another blow was delivered by the Colorado Supreme Court who found their attorney model flavor of debt settlement did not give them a free pass to avoid the advance fee laws under an attorney exemption. “The supreme court holds that the trial court erred by ... Read More »

                              Flush – Meracord / NoteWorld

                              Cleaning toilet

                              A fantastic reader / tipster (send in your tips here) sent me the following press release. Anyone know what Linda Remsberg is doing now? I looked at noteworld.com and that redirects to Evergreen Note Servicing (notecollection.com) (which appears to actually be Evergreen Escrow, Inc.)and Meracord.com goes to a non-existent site. Interestingly, Evergreen Note Servicing sounds a hell of a lot ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.