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 …
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 …
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 …
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 …
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 …
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, …
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 …
“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. …
Thanks to Kenneth for pointing out this audio to me. You can now listen to the bankruptcy trustee hearing at which Keith Nelms appeared in April, 2010 to discuss his bankruptcy filing. Listen to Keith Nelms Bankruptcy Hearing
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, …