National Loan Recoveries Deceitful and Greedy ripoff Stamford Connecticut
I had to file Bankruptcy in 2000 because I lost my job, my spouse had cancer and I had 3 children to support. In 2005 I was forced to sell my home. With the proceeds of the sale I made settlement offers to all my creditors as instructed by my attorney.
ALL of my creditors accepted the offers, except one. National Loan Recoveries, LLC. Instead they had an attorney, Herbert A Rosenthal Chartered file a law suit. I had advised numerous times in writing what I could afford and still it was not acceptable. I sent a payment every month dispite the fact that I have little spending money.
This attorney then files a law suit and deliberately airs my personal business by having legal papers served on me during my son's birthday party whereby the process server(who was abusive and rude) announces the situation so the neighborhood can hear what is going on. The end result was that my offer of a settlement was not good eough nor were the payments I was making.
So my wages were garnished and now I will be forced in to taking drastic action to alleviate the debt. GREED IS THE FACTOR HERE. Using intimidation and embarassing tactics to elicit money is the method of business for NATIONAL LOAN RECOVERIES AND HERBERT A ROSENTHAL CHARTERED.
Mike
Pasadena, Maryland
U.S.A.
2 Updates & Rebuttals
Lori
OMAHA,Nebraska,
U.S.A.
FY I STEVE.
#3Consumer Comment
Fri, September 29, 2006
SINCE HE MADE A PAYMENT ON THIS BILL HE REACTIVATED THE STATUTES ON THIS BILL. THAT IS WHY HE IS BEING SERVED, AND ANTOHER THING THEY DO NOT HAVE TO EXCEPT ANYKIND OF SETTLEMENT. DOESNT MATTER WHAT TYPE OF SITUATION IT IS.THE ORIGINAL CLIENT DESERVES TO GET THERE FULL PORTION.
Steve
Bradenton,Florida,
U.S.A.
Mike, this does not make sense..Here's what should have been done.
#3Consumer Suggestion
Fri, August 11, 2006
Mike,
First off, if the BK was in 2000, that means the bad debt here should be 6 years old and more than likely past statute of limitations for enforcement of collection. I would guess that they are debt buyers who recently purchased this old debt for a penny or less on the dollar, and "re-aged" it in an attempt to make it look legit. The SOL begins at date of charge off with the original creditor, or last activity if you made any payments while it was in collections.
In MD, the SOL for CCdebt and personal loans unsecured is 3 years. You need to respond to the summons as required by law and dispute the claim for reason of "uncollectable by reason of expired statute of limitations".
As far as the process server goes, he/she would not have any knowledge of the case except that you are being sued and is a neutral 3rd party who has no vested interest in the case. His/her only interest is getting paid to serve the summons.
Now for the root of the problem:
It sounds like you filed a reorganization BK, rather than a liquidation BK... Big mistake!
You surely could have filed for liquidation and kept your house. Why was this not done?
In liquidation, the judge decides who does not get paid as all creditors get listed at time of filing. The only ones that are usually a problem are federal backed loans and taxes.
Good luck!