Whereas these disputes were once a matter of debtor vs. creditor, in recent decades the game has changed. Large companies write off their bad debt and sell the paper to third parties for pennies on the dollar. These big debt buyers then hire phalanxes of lawyers to sue thousands of people. The plaintiffs are knowledgeable and experienced, the defendants are often ignorant about the process. In the District of Columbia, more than 90 percent of poor people with debt collections never receive assistance, and a large percentage of those who receive summonses don’t appear in court — thus ensuring a default judgment.
Read more at: http://www.nationalreview.com/article/454867/zedekdc-new-pro-bono-lawyers-group-helping-debtors-dc
Read more at: http://www.nationalreview.com/
Disclaimer:
Attorney Advertising. | This article is for informational purposes only and is not legal advice. | Reading this article or contacting us does not create an attorney-client relationship. An attorney-client relationship is formed only when an engagement letter is signed. | Prior results do not guarantee a similar outcome. | Adam G. Singer, Law Office of Adam G. Singer, PLLC, 400 Rella Blvd., Suite 207-488, Montebello, NY 10901, 212-203-0883
