The U.S. Supreme Court on Monday handed a victory to debt collectors, ruling that people who have filed for bankruptcy cannot sue companies that tried to recoup old debt that was not required to be paid back under state statutes of limitations. The justices, in a 5-3 decision, ruled in favor of Midl...

Topics:  u.s supreme court   midl   favor   bankruptcy   debt collector   
BING NEWS:
  • Debt Collectors Push Back: Trade Group Sues CFPB Over New Medical Debt Collection Rules
    On November 1, a debt collection trade group filed a complaint in federal court challenging an October 1 CFPB advisory opinion that warned ...
    11/11/2024 - 6:17 am | View Link
  • Membership Has Its Privileges: Bankruptcy Court Examines LLC's Authority to File Bankruptcy
    30, 2024, the U.S. Bankruptcy Court for the ... note in favor of the Mary trust relating to a prior business capital loan. The amended note required payment in full of the $3.8 million loan on or ...
    11/7/2024 - 11:00 am | View Link
  • Yellow Bankruptcy Judge to Reconsider Pension Debt Ruling (1)
    Yellow Corp. convinced a judge to reconsider parts of a ruling against the bankrupt trucking company in a dispute over billions of dollars in pension-related liabilities.
    11/6/2024 - 4:18 am | View Link
  • Debt Collectors Challenge CFPB's New Rules on Medical Bills (1)
    A recent advisory opinion by the Consumer Financial Protection Bureau concerning the collection of past-due healthcare bills violates the Administrative Procedure Act, debt collectors assert in a new ...
    11/4/2024 - 2:09 pm | View Link
  • New York City dept. announces enforcement delay of debt collection rules after litigation
    On its website, the DCWP posted the following notice: “In response to industry requests, DCWP will not be enforcing the new Debt Collector Rules until April 1, 2025. We will address this grace period ...
    11/4/2024 - 10:59 am | View Link
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