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Brian Frontino, left, and Kingsley Nwamah, right, with Stroock & Stroock & Lavan in Miami.. Brian Frontino, left, and Kingsley Nwamah, right, with Stroock & Stroock & Lavan in Miami..

In the second quarter of 2019, consumer debt in the United States rose to a record high of $13.86 trillion according to the Federal Reserve Bank of New York. As consumer debt rises in the United States, rulings such as the U.S. Supreme Court’s recent decision in Obduskey v. McCarthy & Holthus, are increasingly more important to the consumer debt industry.

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