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Tag Archives: morgan drexen

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

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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

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    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

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      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 »

        Why is Howard Law Allegedly Telling People Morgan Drexen Sucks?

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        All of a sudden, questions and concerns about a group called Howard Law have been landing in my inbox. You can read past articles about Howard Law, here. Call me unsophisticated but whatever is happening to clients of the now shuttered Morgan Drexen, seems confusing or unbelievable. A tipster (send your tips in here) sent me an interesting letter and ... Read More »

          More on the Morgan Drexen & Howard Law Mystery

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          Recently I answered a reader inquiry from a former Morgan Drexen reader who said their debt settlement account had been taken over by Howard Law. See Is Howard Law Really Involved With Former Morgan Drexen Clients?. Well further information has surfaced from public court documents that make me wonder even more what is going on. For those not familiar with ... Read More »

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

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            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 »

              Is Howard Law Really Involved With Former Morgan Drexen Clients?

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              Morgan Drexen was a big debt settlement company who lost big this year to the Consumer Financial Protection Bureau (CFPB). The loss led to the shutdown of Morgan Drexen and their bankruptcy filing is leading to a liquidation of the company with a hopeful distribution of some available money to consumers. But a couple of recent comments have been received ... Read More »

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

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                The Consumer Financial Protection Bureau has finally taken down the old Morgan Drexen website and put up a message of their own. See MorganDrexen.com 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

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                  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

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                    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 »

                      Door Slams Hard on Morgan Drexen Debt Settlement Company

                      M.D. Anderson's Houston Main Building is imploded Sunday, Jan. 8, 2012, in Houston. Opened in 1952 the 20-story building was the regional headquarters for Prudential Insurance Company. Prudential sold the building in 1975. ( Nick de la Torre / Houston Chronicle )

                      Surely a bunch of people at Morgan Drexen are blaming the U.S. Government and Consumer Financial Protection Bureau (CFPB) today for the utter demise of Walter Ledda’s creation, Morgan Drexen, on Friday. An insider told me over the weekend, “Just letting you know the court ordered Morgan Drexen’s trustee to seize operations immediately. Morgan Drexen was shut down today at ... Read More »

                        OMG, Morgan Drexen Loses Yet Again

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                        Poor Morgan Drexen has been getting the shit kicked out of them lately. Just today another blow was delivered by the Colorado Supreme Court who found their attorney model flavor of debt settlement did not give them a free pass to avoid the advance fee laws under an attorney exemption. “The supreme court holds that the trial court erred by ... Read More »

                          Walter Ledda – The Most Innocent Man in the World

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                          The Consumer Financial Protection Bureau (CFPB) and Morgan Drexen / Walter Ledda have been duking it out for years. That is until the won a default judgment in their suite against Morgan Drexen. You can see all the latest permutations on this legal battle by clicking here. Recent court documents filed are very interesting to those of us who my ... Read More »

                            Morgan Drexen Kicked in the Nuts Some More by Court

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                            Well if you are going to get bad news you might as well get it all at once. On the heals of a judgment against Morgan Drexen, an asset freeze, and filing bankruptcy, Morgan Drexen also lost an appeal to have the Consumer Financial Protection Bureau declared to be unconstitutional. I’m not sure what made me curious about what Morgan ... Read More »

                              CFPB Lines Up Crosshairs on Walter Ledda

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                              The Consumer Financial Protection Bureau (CFPB) is not holding back after their recent victory with a default judgment and asset freeze against Morgan Drexen. Now they are going after Walter Ledda personally to recover money. After reporting the recent bankruptcy filing of Morgan Drexen the CFPB filed this long discourse why Walter Ledda should be made to pay for the ... Read More »

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