X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
With a tanking economy, just how low will a collector go? Tonight at 8 p.m., Christopher Naughton’s Law Journal examines “Unfair Debt Collection, Predatory Lending and Questions of Bankruptcy” with debtors’ bankruptcy attorneys Barry Frost of Teich Groh Frost & Zindler, Eric Leinbach of Leinbach Law Offices and Brian Mildenberg of Mildenberg & Stalbaum. Facing off against them is creditors’ rights attorney and fair debt collection expert James Mathieu. Mildenberg, whose practice focuses on predatory lending issues, said he sees more collectors and lenders using subterfuge and blatantly unethical practices. “The worse the economy gets, the more creditors are finding their gains from the lowest rungs of society,” he said. “Lenders are doing it through behavior where it is very easy to overreach, offering benefits that are non-existent, getting security interests in homes, omitting telling people the risks and suckering them in. Collectors are doing less in writing, more over the telephone, leveling threats such as ‘the sheriff will be out there tomorrow to remove you from the house.’ This where the house isn’t even in foreclosure yet. “ Given the political climate, Mildenberg isn’t surprised. “Very soon, we will probably see this new bankruptcy bill,” he said. “Instead of going after those responsible for so many corporate bankruptcies . . . they go after the part of society that is least empowered. It’s a mean bill.” Law Journal broadcasts for one hour, live with call-in, every Monday at 8 p.m. on WFMZ-TV 69. Each program is later Webcast on www.LawJournalTV.com. Next week: “Settling the Workers’ Comp Claim.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.