February 25, 2008

• Beware of Bill Collectors Who Try to Recover Debts Discharged in Bankruptcy

  Would you be surprised to learn that there are collection agencies whose main purpose is to collect debt that has been discharged in bankruptcy.  Would you be even more surprised to learn that these collection agencies are not fly-by-night operations - that five of them are traded on NASDAQ, and two of the largest of these debt buyers are owned by the respected investment firm Bear Stearns. (…)