Quick Answer: A federal court approved the Persels & Associates class action settlement despite providing zero monetary compensation to 125,000 affected consumers. The settlement only benefits defendants with broad liability releases, class counsel with $300,000 in fees, and allocates $100,000 to an unrelated research institute.Thanks to a tipster (send in your tips here), I found …
Quick Answer: Persels & Associates faces serious legal questions, as a 2012 Georgia class action lawsuit alleges the company operated an illegal debt settlement scheme by using inexperienced attorneys as shields. The lawsuit claims Persels violated Georgia’s Debt Adjustment Act by paying attorneys small fees to use their bar licenses while targeting consumers with “avoid …
Did this conversation help?
Thank you. I'm glad you reached out.
You took an important step today. Come back any time.
Think of this as me — just in AI form. I've walked in your shoes. I filed bankruptcy myself in 1990, and in over 30 years of experience I haven't seen a situation that can't be worked through or a person who deserves judgment. Everything here is built on that experience, that research, and genuine care for you. I can't be there in person. But I can be here.
Conversations are saved anonymously. Personal details are automatically removed before storage. This is an AI — not a financial advisor, attorney, or therapist.
Not sure where to start?
Been here before?
