A North Dakota law firm learned the hard way that, if you are not careful, suing on a stale debt can come back to bite you. Johnson, Rodenburg & Lauinger ("JRL") regularly collects consumer debts and in this case it was attempting to collect a debt on behalf of Collect America Ltd., a debt … [Read more...]
You Do Not Have to be Broke to File Bankruptcy
You do not have to be "broke" i.e. insolvent to file bankruptcy, in fact, you can be perfectly flush with cash. In this case, the debtor, a Mr. Sultan Soliman, filed to fight off a claim resulting from biting another person's nose. He had assets of $447,775 and $255,500 in debts. The protection of … [Read more...]
