“Dear Damon, I was in the debt program with safetrust financial over a year ago, I cancled my account because I was getting sued from one of my creditors, I paniced and cancled my account, I figured well if one of my going to sue me, then the rest will sue me too. can I still get a refund from ... Read More »
The bankruptcy trustee in the Chapter 11 bankruptcy cases involving Safe Trust Financial, P & E Solutions and Vertexsoft Corporation requested an emergency motion on May 19, 2011 to seize the companies and convert the bankruptcy filings to a terminal Chapter 7 case. Unfortunately this almost guarantees the clients of those debt relief companies, as creditors’, will receive little in ... Read More »
“Dear Steve, I paid Safetrust Financial for 2 years to settle my debts. They settled just one account and have filed for bankruptcy. Whom could I contact to get my money back? What are my chances of getting my debts settled? Thanks, Stan” Dear Stan, Safe Trust Financial filed for a Chapter 11 reorganization of their debt and should be ... Read More »
It seems the issues surrounding if payment processors in the debt settlement world is getting more complicated. This recent class action case is out of Georgia against NoteWorld and Noteworld Servicing Center; Hattie Burke v. NoteWorld. It appears that NoteWorld gets sucked in not because of their actions but because of the actions of who they decided to provide services ... Read More »
On February 7th Safe Trust Financial, Vertexsoft Corporation and P & E Solutions all filed for Chapter 11 bankruptcy protection. What follows is a review of the documents filed in that case to date. As of the date of this article, the case is ongoing and clients have been receiving notices from the bankruptcy court. Get Out of Debt Guy ... Read More »
Frank Linder, Esq. Sends In Additional Supporting Documentation Regarding Alleged Raid Against Evan Kagan, Esq. Kagan Responds.
In a situation that is one of the strangest I’ve seen in the debt relief world, two debt relief groups are going nose-to-nose with allegations and denials of raids and malfeasance. I first reported this story here but new information and supporting documentation has been submitted by Frank Linder, Esq. of FBL Associates. UPDATE: See response from Evan Kagan, Esq. ... Read More »