Author Archives: legglaw

Unlicensed Debt Buyers

The Maryland Court of Special Appeals issued a decision in Finch v. LVNV Funding, LLC. on Friday June 28, 2013 that held that judgments obtained by unlicensed debt buyers are void. The opinion is available here: http://mdcourts.gov/opinions/cosa/2013/0704s12.pdf What does this … Continue reading

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Hello world!

Welcome to WordPress.com! This is your very first post. Click the Edit link to modify or delete it, or start a new post. If you like, use this post to tell readers why you started this blog and what you … Continue reading

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Debt Buyers

The debt buying industry has grown to a 100 billion dollar industry. The industry buys debt for pennies on the dollar and then sues on the full value of the debt. The suits are based on the idea that many … Continue reading

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Consumer bankruptcy

Consumer Bankruptcy Basics Conquest, War, Famine, Death—these the Book of Revelations tells us are the Four Horsemen of Apocalypse, no matter what that later apostle known to the sporting gentry as Grantland Rice wrote some nineteen centuries later. Yet in … Continue reading

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Where we are and how do we get out of it

The growth for our economy since the 80s has resulted from increasing reliance on the service sector of the economy. The increase in the service sector has primarily rested upon consumer spending. The consumer spending has been fueled by credit … Continue reading

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Who could have anticipated that telling regulators not to regulate could lead to disaster? Anyone and Everyone

Tonight’s speech failed to address any of the reasons that the current crisis exists. Interestingly, the off the record comments that Wall St was “drunk” did not make the speech.  This would have required identifying the bartender – the regulators. … Continue reading

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Corporate Welfare Alive and well – The Government is planning to throw multibillion sandbags to stop the credit crisis flood

According to press reports, the government is preparing to throw more multi billion dollar sandbags to stop the flood from the mortgage crisis. There is a talk of a Resolution Trust II, if not in name, in spirit. For those … Continue reading

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