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New York Debt Collection Rules Change Dramatically

New York Debt Collection Rules Change Dramatically

New York recently enacted Senate Bill (SB) 153, the Consumer Credit Fairness Act, significantly impacting debt collection lawsuits filed by creditors or debt collectors. A few of the key amendments include: Most collection lawsuits arising out of a consumer credit transaction will now have a 3-year statute of limitations rather than 6 years. Extensions and …

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If My Student Loans Are Deferred in New York Does That Exceed the Statute of Limitations?

Question: Dear Steve, I cannot pay my student loans as my husband was hurt and now I have to pay everything and I cannot do it all. I was wondering about using the stature of limitation for student loans in NY state. I read on this and the stature of limitations is 6 years in …

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I’m Living in South Africa and Traveling to the U.S. But Have Unpaid NatWest UK Debts. Will I be Arrested at Heathrow? – Warren

“Dear Jon, I was living in London in 2004/2005 on a 2 year working holiday visa. I left to come back to South Africa and never closed my Natwest Account or cancelled my vodafone contract (the guy on the customer service line said I can just let the contract run out, it was for 18 …

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Bankruptcy Attorney Rochester, NY

Over the years we have helped quite a few consumers in Rochester NY to resolve their debt issues. Rarely will a consumer seek our assistance hoping that we determine they should file for bankruptcy. Typically it is the opposite that is true. Consumers come to us seeking a solution that will allow them to avoid …

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Elaborate Scheme Leaves 180 With Over $1 Million In Fraudulent Purchases

Charges were announced last Thursday against seven members of an identity theft ring that allegedly used stolen identities of more than 180 people at major New York City retail stores including Home Depot, Sears, Kmart and Kohl’s, among others. The ring of fraudsters resold merchandise and gift cards for a profit after purchasing them under …

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East Coast Credit Card Fraud Ringleader Gets 12 Years In Prison

An identity thief was sentenced earlier this month to 12 years in prison for managing and east coast credit card fraud ring. Jonathan Oliveras, used counterfeit credit cards encoded with stolen account information up and down the East Coast of the United States and has been sentenced for this crime. In addition to his 12 …

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Former Owner And President Of Allied Health Care Sentenced For $135 Million Phony Lease Scheme

Former owner and president of Allied Heath Care Services, Charles Schwartz, was sentenced last week to 195 months in prison (16.25 years) for organizing and executing a $135 million phony lease scheme that losses of more than $80 million and victimized over 50 financial institutions. In April Schwartz pleaded guilty to one count of mail …

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Home Repair Scheme Targeted Elderly Homeowners

Last week a jury convicted two brothers in Chicago after running and operating a home-repair scheme that targeted elderly victims on the south and west sides of Chicago. At their trial six victims testified that they were swindled out of tens of thousands of dollars by fraudulently promising to perform expensive home repairs, convincing them …

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