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Tag Archives: morgan drexen

The Morgan Drexen Legacy – More Pain for Lawyers and Consumers

Sad Elderly Lady

Morgan Drexen was a nationwide debt settlement enterprise that sold consumers hope they could eliminate their debt by settling it. And while debt can certainly be settled by knowledgeable people, the Consumer Financial Protection Bureau (CFPB) had significant concerns about the company and attorney network they created. The entire Morgan Drexen debacle is a story too long for this article. ... Read More »

    Has Howard Law Thrown in the Towel with Debt Settlement?


    In an ongoing situation with the former debt settlement company, Morgan Drexen and the Consumer Financial Protection Bureau (CFPB) it looks as if the effort by successor law firms to service the former Morgan Drexen clients is heading towards a resolution. Howard Law, P.C., Williamson & Howard, LLP and The Williamson Firm, LLC had made claims or assertions they could ... Read More »

      Howard Law – Free Debt Report Commercial and Morgan Drexen Update

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      A reader wanted me to see the following commercial that is airing on television. I can see it aired at least five days ago on BET. The commercial goes to a website, that presents Vincent Howard as one of the nation’s top lawyers. – Source The tip about the commercial gave me a reason to go check the court ... Read More »

        Morgan Drexen Take Over Attorneys Held in Contempt by Court

        Where does it hurt nurse question

        What began in 2013 as an issue between the Consumer Financial Protection Bureau (CFPB) and the debt settlement company Morgan Drexen has now turned into a widening action that has resulted in several attorneys being found to be in contempt of court and facing a $10,000 per day fine if they don’t return client money. Sooner rather than later. On ... Read More »

          Debt Relief Attorney Kills Mother. Another Loses License.

          Young man with a funny perplexed expression, expressive on his face, isolated on a white background

          Tragic is all I can think of to describe the subsequent events that happened to United Law Group and Brookstone Law. United Law Group (ULG) was an Irvine California operation that was selling hope to avoid the loss of your home to foreclosure. You can click here for past articles on ULG. In 2010, United Law Group filed bankruptcy. In ... Read More »

            Walter Ledda, Working as Temp in Poland, Caught By Surprise in Morgan Drexen Case

            The actual granular data presents a surprising reality.

            New public documents filed in the Morgan Drexen case paint a picture of Walter Ledda caught by surprise by the turn of events. These excerpts are from the documents shown with the source link. You can click on those documents to read the full original filing. In the first document, Ledda represents the recent CFPB action caught him by surprise. ... Read More »

              Morgan Drexen Bankruptcy Update for August 25, 2015

              Bankruptcy Road Sign

              As part of the public record, the bankruptcy trustee in the Morgan Drexen bankruptcy has just posted a very interesting update. The document was filed on August 24, 2015 and here is what it says. The Trustee states the Morgan Drexen business has been wound up and 15,000 letters were sent to “Affected Customers” notifying them of the facts surrounding ... Read More »

                Howard Law Responds to CFPB Claims


                Recently I wrote about filings by the Consumer Financial Protection Bureau (CFPB) in the Morgan Drexen case. The CFPB said, “Aside from going to great lengths to continue Morgan Drexen’s debt relief scheme and collect fees from Affected Consumers, the Attorneys engaged in numerous tactics designed to ensure consumers would—at a minimum—be confused about their rights, if not misinformed.” – ... Read More »

                  And Oh How They Fall: Advanced Fee Attorney Model Debt Settlement Companies

                  Fallout Shelter Sign

                  Yesterday I posted an update about how World Law, World Law Debt, World Law Group, or whoever they were at the moment; is being liquidated. You can read the details here. The latest closure of the advanced fee debt settlement company by regulators, legal action, or the courts has to make some think the model is doomed to fail and ... Read More »

                    Morgan Drexen Bankruptcy Surprise Deposition


                    It’s not often that a deposition is made available regarding Morgan Drexen, the now defunct debt settlement company. Since I’m sitting down to read the entire 121 page document I thought if I came across anything I found interesting for no particular reason, I’d just share it with you. All the material below comes from this document. The deposition conducted ... Read More »

                      Morgan Drexen Court Action Reads Like a Soap Opera


                      In just the past few days the Morgan Drexen case with the Consumer Financial Protection Bureau took some strange twists. The court documents lay out a series of alleged events which paints an unusual story. I’ll let the court documents write this story. From this point on, the information in this story will be from these recent court documents which ... Read More »

                        Morgan Drexen Lied to Me. What Can I Do? How Do I Get My Money Back?

                        Credit Card Financial Relief Planed Flag

                        Question: Dear Steve, I entered into an agreement with Morgan Drexen for debt settlement. I paid them in excess of $3000. and they did nothing to help me. They lied to me several times regarding where my money went. What recourse do I have? Thank you. Answer: Normally I’d suggest you follow my guide How to Try to Get a ... Read More »

                          CFPB Says if Morgan Drexen Owes You Money You Are Potentially SOL


                          The Consumer Financial Protection Bureau has finally taken down the old Morgan Drexen website and put up a message of their own. See for the latest version of the CFPB informational message. But yesterday on the CFPB website they put up advice and information for consumers who were harmed in the Morgan Drexen / Walter Ledda debacle. The most ... Read More »

                            Debt settlement company Morgan Drexen is no longer in business: What you should know

                            Morgan Drexen Integrated Systems (20120116)

                            Jul 20 2015 By CFPB Web Team Morgan Drexen has gone out of business. If you are a Morgan Drexen customer, you must take action on your debts. You can also request a refund of any money that is currently in your settlement account. In 2013, we sued debt settlement company Morgan Drexen for collecting illegal “upfront fees” for debt ... Read More »

                              Kesher Law Group is Offered Up by Reader


                              In response to a previous article about the demise of Morgan Drexen a reader said I should take a look at Kesher Law Group. Kesher Law Group According to the State of California, Kesher Law Group, P.C. was formed on April 3, 2015 and is located at 675 Anton Boulevard, 2nd Floor, Costa Mesa, CA 92626 and the agent is ... Read More »

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