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

Debt Settlement Nightmare Partially Over for Allegro Law Clients

Back in 2009 one of the first debt settlement companies to colossally meltdown was a lawyer run company, Allegro Law. This case involved not only Keith Nelms, Esq. but dragged in groups like Americorp and people like Tim McCallan. A couple of days ago the Trustee in the Allegro Law bankruptcy case had finally cleared … Read more

Debt Settlement Attorney Files Bankruptcy

It what is the ultimate irony, another big debt settlement attorney has filed bankruptcy. The first I remember was Keith Nelms of Allegro Law fame. A tipster (send in your tips here) sent in a document to me that says now Lloyd Ward, the big Dallas based debt settlement attorney, has filed bankruptcy. According to … Read more

Americorp Does Not Show Up for Trial. Allegro Law Litigation and Bankruptcy Nearing Completion, Maybe.

It seems like a lifetime ago that I first wrote about the Allegro Law debacle. After Hess Kennedy, Allegro was the next big debt settlement firm to implode. We first wrote about Allegro Law in 2009 and since that time, Allegro Law went out of business, consumers lost money, Keith Nelms lost his law license … 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

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

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

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

Debt Settlement Programs Fail to Reduce Debt in Most Cases, Negatively Affects Credit Ratings, and Leads to Increased Lawsuits and Collection Activities by Creditors

In an announcement by the Attorney General of Alabama, Troy King, he disclosed the results of his investigation into debt settlement practices that resulted in the permanent shutdown of a large attorney run debt settlement company in Alabama but serviced by Tim McCallan’s company, Americorp in New York.. Some of the discoveries as part of … Read more

Almost All the Money We’ve Paid Allegro Law to Settle Our Debts Has Gone to Fees. – Bob

“Dear Steve, After ever increasing interest charges on our accounts, we found that we could not keep up the monthly payments. We thougtht if we could space them out that we would eventually pay the bills. Allegro Law made this sound as if it was the answer to our problems. So far, we have had … Read more

Debt Settlement Attorney Lawyer Keith Nelms Loses Law License for Three Years

Just yesterday I wrote about the recent troubles with Keith Anderson “Andy” Nelms, a lawyer in Alabama that is running a debt settlement company called Allegro Law that actually farms out cases to Americorp. I came across this little nugget that should make any lawyer engaged in debt settlement services, take notice. In a matter … Read more

Debt Settlement Attorney Keith Nelms with Allegro Law Gets Sued in Alabama

Action by the Alabama Attorney General this week further highlights the tough stance that law enforcement is taking against debt settlement companies. In this case it is against a lawyer and his related professional companies. This suit might lead other debt settlement attorneys to exit the debt settlement business to prevent the loss of their … Read more