A couple of days ago I saw the press release for “Drop Debt” by Harvey Z. Warren and thought, “Hum, that names sounds familiar from the past.” In a twist of “what a small world it is” it came to me. There was a Harvey Warren that I remember getting slammed by the FTC a number of years ago for ... Read More »
Attorney Assisted Debt Resolution Program Said to Be Different Than Debt Settlement. How Can That Be?
In the video below put out by Morgan Drexen today and distributed with their press release (source), Walter Ledda, CEO says attorney assisted debt resolution is an alternative to debt settlement. Is it somehow magically different? [flashvideo file=/wp-content/uploads/MorganDrexen.flv /] At 0:37 and you will hear Ledda make comments to advise consumers to avoid bankruptcy. “Bankruptcy is the last resort for ... Read More »
What began as a simple story about a Morgan Drexen press release last week has turned into so much more. Last Friday I wrote “Is Debt Settlement Company Morgan Drexen a Flip-Flopper?” where I talked about their seemingly sudden switch from opposing the Federal Trade Commission effort to roll out new rules that regulate debt settlement companies, to applauding them. ... Read More »
A Montana company has filed a class action lawsuit against the debt settlement company Morgan Drexen. Morgan Drexen is accused of violating racketeering laws and the Credit Repair Organizations Act. A newspaper article said: Morgan Drexen has “actively conspired’’ to avoid laws that apply to debt settlement companies and has “engaged in the unauthorized practice of law,’’ the complaint said. ... Read More »
Most of the news coming from the debt settlement industry these days is either about how the sky will fall if the new Federal Trade Commission guidance goes into place to control the debt settlement industry, or how it is needed. Well here is an interesting press release just out from the folks at the debt settlement company Morgan Drexen. ... Read More »