Litigation Skills

Litigation of Debt Buyer Claims in and out of Bankruptcy

Turn the tables on bogus debt buyers and start collecting from them!

Max is dedicating two days to this important topic in the battle against bogus debt buyers.

The materials covered in the seminar apply in state court outside of bankruptcy as well as in bankruptcy court.

We’ll tell you what goes on behind the scenes as bogus debts are sold and debt buyers pursue collection.

You’ll learn where to look for flaws, forgeries and fraud in debt buyer claims.

Next, Max will tell you how to use this information to benefit you and your client. Collecting from bogus debt buyers has been far and away the largest revenue source for Max’s law firm for over 30 years, and he’ll walk you through how he attacks those claims and turns the tables on debt buyers – both inside and outside of bankruptcy.

Debt buyers consistently and systematically break the law for one reason: they can. When only a handful of attorneys throughout the country are regularly calling them on their unlawful activities, the scales tip in favor of continuing to cheat.

They make a lot more money collecting debts that aren’t owed than they pay out to the small number of consumers who are represented by competent attorneys willing to do something about it. You can change that!

Remember that call from your former bankruptcy client? You already had gotten him a discharge so you blew him off to concentrate on finding your next client. If he was calling to tell you he’s being harassed about discharged debts and they are back on his credit record, you just left thousands of dollars on the table and your former client is suffering because of it.

Filings are declining. Taking the extra step to protect your client’s discharge could be your best route to increased revenues.
The materials covered in the seminar apply in state court outside of bankruptcy as well as in bankruptcy court.

This event will focus on:

  • securitization of the original receivable by the originator
  • the scanning and saving of the original credit agreements
  • the scanning and saving of the original point-of-sale signed electronic and paper receipts
  • the obligations of the originators to repurchase the receivables from the Master Securitized Trust upon default, how this works and the documents involved
  • the subsequent sale of the repurchased receivables through the Forward Flow and Asset Purchase Agreements
  • the contractual documents involved in all of these transactions
  • the actual data on each account that the debt buyers acquire
  • the additional data that the debt buyers can acquire for additional charges and what those charges are
  • how accounts are priced and valued for sale to debt buyers
  • the re-securitization of the charged-off receivables by the debt buyers
  • the contractual documents
  • the servicers who try to collect the debtors for these charged-off trust
  • how the debt buyers re-create false account documents, false assignments, false card member agreements, false bills of sale, etc.
We will also go into great detail on the attorney networks for the debt buyers, including:
  • how they are paid; how they communicate
  • the software they have access to and use
  • who they communicate with
  • who makes decisions on litigated cases
  • how settlements are processed and determined
  • how affidavits of debt are prepared, executed and notarized
  • how second and third generation business records are allegedly authenticated by debt buyers
  • the professional debt buyer witness and how to impeach his or her credibility
  • the relationship of this business model to the mortgage securitization models
  • discovery and the documents and records you must secure and seek in production
  • how to use requests for admissions
  • the offer of judgment and how to deal with it
We currently have no live events scheduled, though we are tentatively looking at early December, 2015.