The Saga of How the Mighty Fall in Debt Relief – Tim McCallan Bankruptcy

A couple of eagle eye readers spotted a little article in the Orlando Sentinel which announced the bankruptcy filing of one of the debt relief industry kingmakers. Tim McCallan has been a major player in the debt relief industry for decades now. Over the many years of this site I’ve written articles about McCallan, his … Read more

Allegro Law Update: Flashback Into the Bad Times of Lawyer Debt Settlement

A follower over on my Facebook page asked me a question about the current status of Allegro Law. In my search to see what was going on with the bankruptcy of the now disbarred attorney, Keith Andy Nelms that was running the show I came across the judge’s statement in an opinion issued under the … Read more

Allegro Law Bankruptcy Puts Past Marketers at Financial Risk

In 2010 the attorney run debt settlement company Allegro Law imploded. It not only led to the bankruptcy of the debt settlement company but the disbarment of Andy Nelms, Esq. As I covered in the saga of Allegro Law and their subsequent bankruptcy, large amounts of money were paid to marketers to attract consumers to … Read more

Listen to the Lies This Marketing Company Tells Consumers to Sell Attorney Based Debt Settlement Services

I’ve previously written about the attorney model debt settlement firm approach that some debt settlement companies are rushing towards in an effort to circumvent any fee ban that may be put in place. The logic is that attorneys are exempt from most laws so if an attorney is doing debt settlement then it must be … Read more

Chase Bank Kicking the Shit Out of Attorney Run Debt Settlement. Not the Safe Harbor Some Think.

In June, 2010 Chase bank filed an adversarial proceeding against now disbarred attorney Keith “Andy” Nelms in his bankruptcy filing that he filed when his debt settlement law firm, Allegro Law, went bust. The complaint filed by Chase seems to make it pretty clear they are not fans of debt settlement. Chase makes an interesting … 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, … Read more

The Critical Flaw in The Attorney Model for Debt Settlement

It seems in the face of proposed regulation over the debt settlement industry many debt settlement companies are running for the hills and trying to convert their business into one of the many attorney models out there in order to continue their advance fee approach. The companies who are running for the attorney model cover … Read more

Debt Settlement Attorney Andy Nelms Never Gave 30 of Us Our Last Paychecks. – Barbara

“Dear Steve, About 30 of us worked for another company owned by Andy Nelms. Corbit Enterprises (DBA) Steak-Out. I was the hardest hit. I was working for Corporate Steak-Out at the time & “traded” off to a multi million dollar ride (supposed to be). I was supposed to lead the Marketing for newly opened stores. … Read more

Keith Nelms, Owner of Allegro Law Debt Settlement Fame, Goes Bankrupt With $28 in His Pocket

I just took a look at the bankruptcy filing for Keith Nelms, the attorney owner of the Debt Settlement company, Allegro Law. Some of the creditors he listed in his filing included: Jennifer Nelms, Calude Nelms, Jr., State of Alabama Consumer Affairs Division, Internal Revenue Service, Alabama Department of Revenue, some student loans, Chase Bank, … Read more

Here is What a Debt Scammer Looks Like. Watch This.

This video below was sent to me showing credit relief scammer Bob Lindsey on a CBS spot called “The Economic Report.” Lindsey has taken so many people under his many debt relief scams, and if you listen to what he has to say, he’s always the victim. This shill video is of Bob Lindsey and … Read more