Apparently Tim McCallan is in Jail Writing Letters

A routine check on what was going on with former debt relief bigwig Tim McCallan with his bankruptcy case seems to have discovered him in jail. McCallan has been either directly involved in or tangentially involved in a lot of debt relief company iterations that have been shuttered or closed by failure or regulatory action. … Read more

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

Whatever Happened With My Money From Allegro Law, Americorp, and Tim McCallan?

Question: Dear Steve, I was a victim of Allegro Law and have received my partial distribution. Why has Allegro Law now not permitting us to ask questions? Why have they not updated their site with information in over two years? And finally, will their be a final distribution and when? Thank you. Wayne Answer: Dear … Read more

Can You Believe Hess Kennedy Debt Settlement Mess Still in the Works?

For those of us who have been involved in the debt relief industry, there are a couple of landmark events that created havoc for the industry and consumers. Take Ameridebt as an example. Or how about Allegro Law. But then again there were the Morgan Drexen and Legal Helpers Debt Resolution debacles. As an industry, … Read more

Is Defense Lawyers a Reputable or Legitimate Company to Work With? – Gwynne

“Dear Steve, A debt consolidation company contacted me by phone this week inquiring if I would be interested in reducing my credit card debt. I listened to what they had to say, however, I did not give them my credit card numbers or bank names as I did not know if they were legitimate or … Read more

Synthis – Consumer Complaint – January 25, 2013

Consumer Statement: Debt relief services through Hess Kennedy, transferred for processing to Synthis by Receiver, Daniel Stermer. Funds were withdrawn from bank account and forwared to creditors for several months, then suddenly funds were still being withdrawn from my bank account, but creditors were not being paid. Cannot get any response from Receiver, Stermer, other … Read more

Why Does the Hess Kennedy Receiver, Daniel Stermer, Get Paid So Much Money?

A reader asked the following question, “The receiver in the Hess Kennedy case paid their attorneys over $68,000 and paid himself over $38,000. How come Daniel Stermer is still earning $38k per month?” They provided a link to this file. I took a look at the file and here is a summary of what I … Read more

Ed Cherry, of Hess Kennedy Fame and Related to Fidelity Land Trust, Files Chapter 7 Bankruptcy

Ed Charry of Hess Kennedy fame has moved on to a number of new enterprises. One is allegedly called Fidelity Land Trust that the Palm Beach Post reported on here. According to that story about how real estate owners are trying to create a crafty solution to alter their financial obligations tied to their residences … Read more

Scathing Report From Allegro Law Debt Settlement Bankruptcy Drags In Others

Allegro Law was an attorney model debt settlement company that charged advanced fees for services to consumers. The group previously fell and Keith Nelms, Esq. was subsequently disbarred and filed a Chapter 7 bankruptcy, taking client deposits with it. The Allegro Law debacle follows in line with the mess created previously by Hess Kennedy, another … Read more

I’m Still Dealing With the Hess-Kennedy Mess. When Did You Interview Daniel Stermer? – David

“Dear Steve, Not much to say except I got caught up in the Hess Kennedy crap. I have 2 legals & another coming up soon. BUT I have a man at the Binghamton AG’s field office that will help me. He did not like AG Cuomo. My question is this….. what was the date that … Read more

Is Lee Stein from Hess Kennedy Now Running Defense Lawyers?

A tipster (send in your tips here) sent in a tip that Lee Stein from Hess Kennedy, the attorney run debt contract invalidation company that was seized by an official receiver, is now operating Debt Defense lawyers, PA or Defense Lawyers, PA. The tipster (send in your tips here) says they have a client that … 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

The Credit Exchange Referred Me to Allegro Law and Now the Court Has Closed Them Down. What Do I Do? – Stefanie

Stefanie “Dear Steve, My husband and I were referred to Allegro Law from another company that we filled out a survey with to see what our options were to get out of debt. Once we talk to the first company which I believed was called, The Credit Exchange, (www.thecreditexchagne.com) we were given all the information … Read more

Americorp Employee Blows the Whistle on Capital Debt Relief, Vortex Debt Relief, Elimidebt, The Achievable, Hess-Kennedy, Allegro Law, and IntelliDebt

I just received the following scripts and information that an Americorp employee sent to me to expose the operation of a number of Americorp related or serviced debt settlement or debt relief companies. If you have inside information you want to share send it to click here. The scripts and statements below are those of … Read more

I Was a Former Client of Hess Kennedy Debt Settlement That Did Not Get My Credit Report Updated. – HJ

HJ “Dear Steve, I was a former client of hess kennedy law firm(otherwise known as consumer law offices). I recently heard your interview with Daniel Stermer. I was one of the few that my personal files regarding credit card accounts with hsbc , chase,formerly washington mutual credit card ) capitol one , was not sent … Read more