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Debt Settlement Related

World Law and Orion Processing – Raided – Frozen

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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?

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    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

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        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

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          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

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            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 »

              Why is Howard Law Allegedly Telling People Morgan Drexen Sucks?

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              All of a sudden, questions and concerns about a group called Howard Law have been landing in my inbox. You can read past articles about Howard Law, here. Call me unsophisticated but whatever is happening to clients of the now shuttered Morgan Drexen, seems confusing or unbelievable. A tipster (send your tips in here) sent me an interesting letter and ... Read More »

                Former Legal Helpers Employee Wonders About Colonial Law Group

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                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 »

                  More on the Morgan Drexen & Howard Law Mystery

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                  Recently I answered a reader inquiry from a former Morgan Drexen reader who said their debt settlement account had been taken over by Howard Law. See Is Howard Law Really Involved With Former Morgan Drexen Clients?. Well further information has surfaced from public court documents that make me wonder even more what is going on. For those not familiar with ... Read More »

                    Is Howard Law Really Involved With Former Morgan Drexen Clients?

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                    Morgan Drexen was a big debt settlement company who lost big this year to the Consumer Financial Protection Bureau (CFPB). The loss led to the shutdown of Morgan Drexen and their bankruptcy filing is leading to a liquidation of the company with a hopeful distribution of some available money to consumers. But a couple of recent comments have been received ... Read More »

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

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                      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

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                        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

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                          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

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                              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 »

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