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Debt Relief Industry

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

        Ready to Collapse

        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 »

                      Revolving Debt Falls Again in July. Increasing Obligations a Major Concern.

                      Non-Revolving Consumer Debt 199-2011

                      The latest Federal Reserve report out shows revolving credit card debt fell for the second straight month. In July, 2012 the amount of revolving debt consumers carry declined by 6.8 percent or about $5 billion. Of course the concern in the debt relief industry is that declining unsecured consumer debt means the likelihood of a slower demand for debt relief ... Read More »

                        AFCC Just as Peeved About Uninformed DOJ Position on Debt Settlement

                        On August 16th I wrote about a Department of Justice blog post about debt settlement that was, let’s politically say, perplexing. Ah what the hell, it was just plain old fucked up. The Department of Justice made some very uninformed statements about debt settlement, like “Fraudulent debt relief companies will often make claims of being able to negotiate a one-time ... Read More »

                          Lloyd Ward Accused of of Gross Legal Malpractice by The Debt Answer and ABC Debt Relief: Update to Most Bizarre Debt Relief Suit of the Year

                          Not that long ago I published a story about the most bizarre debt relief lawsuit of the year where Lloyd Regner and The Debt Answer, among others, were suing his ex-partner Kevin Devoto and Dallas attorney Lloyd Ward. A tipster (send in your tips here) sent in a copy of a newly filed amended complaint in the matter. Much of ... Read More »

                            World Law Debt Allegedly Sends Mailer That Leads to This Horrible Sales Call and Apple Law Group. Listen.

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                            A reader received the following mailer and was concerned about the promises made. You know, at some point, after years of covering these things it feels like it will never end. It’s just one deceptive and misleading mailer sent after another. I begrudgingly picked up the phone and called the number on the “Resolution Pending” mailer and it was answered ... Read More »

                              Reader Sends in Deceptive Debt Relief Official Looking Mailer That Leads to World Law Group

                              badadcover

                              Apparently the use of deceptive marketing mailers is still ongoing. A reader just sent in a copy of a mailer they received recently that appears to be an official government looking document promising some sort of official government debt relief. The reader also said, the mailer does not identify the company. Notice it has a government seal in the upper ... Read More »

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