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 Posted: Mon Sep 29, 2008 6:53 pm Subject: bankruptcy debt buyers |
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I've been hearing stuff about BK debt buyers, what's the deal with that?
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lmale
Joined: 28 Mar 2008
Posts: 546
Debtcc Points: 3979
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| Posted: Mon Sep 29, 2008 9:58 pm Subject: |
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Are you speaking of debt buyers that buy debts that are included in a BK? If so, I've had collection agencies contacting me about debts that are included in my BK. My attorney had told me that this collection agencies try to make money from these debts even though they are included. I had collection agency that I listed in my BK, and instead of sending the debt back to the original creditor, they sold it to another collection agency, probably thinking I wouldn't catch the name of who they were collecting for.
They are not supposed to be doing this. If a collection agency is no longer interested in a debt because it's listed in a BK, they're supposed to send it back to the original creditor, not keep passing it along to other collection agencies.
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mlm1947
Joined: 12 Aug 2008
Posts: 149
Debtcc Points: 1086
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| Posted: Mon Sep 29, 2008 11:37 pm Subject: |
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Yes, many collection agencies do try to collect on debts which has already been discharged in bankruptcy. But these collection agencies are just scum and this act of buying bankruptcy is not supported by law.
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phoenix
Joined: 14 May 2008
Posts: 853
Debtcc Points: 5550
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| Posted: Tue Sep 30, 2008 5:35 am Subject: |
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I think this is what I've heard about. Thanks! Since we are in the process of BK I was just wanting to make sure I had my eyes open to any fishy business. Reny
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lmale
Joined: 28 Mar 2008
Posts: 546
Debtcc Points: 3979
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