Debt Buyers Continue to Relentlessly–and Illegally–Pursue Consumer Debt Discharged in Bankruptcy
This post linked to BusinessWeek’s fine article about consumers who file bankruptcy under Chapter 7 and are supposed to have their debts erased. Many post-bankruptcy consumers were finding that debt collectors were continuing to pursue them for debts already discharged in bankruptcy. BusinessWeek’s article said the driving force behind this phenomenon is a vibrant market in which certain debt buyers avidly buy and sell debts that should have been extinguished.
I just received a telephone call from one of these debt buyer’s New York lawyers. This person disputed the accuracy of a quote in the article from a lawyer for one of the debt buyers and demanded I take down the post. So, First Amendment consideration aside, read the article yourself. It’s well worth it.
