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Debt Collection

April 22, 2011 | By Kate Linthicum, Los Angeles Times
Two sheriff's deputies sat conspicuously in the lobby of the Wilshire Hotel in Koreatown on Thursday. They were there to collect a multimillion-dollar debt. In March, a Superior Court judge ordered the company that runs the hotel to pay the city of Los Angeles nearly $3.5 million for unpaid transit occupancy taxes, known as bed taxes. City officials say the company, Majestic Towers, never paid up. So they turned to the Los Angeles County Sheriff's Department, which serves court orders, to play debt collector.
December 15, 2013 | By Donie Vanitzian
Question: I own a house and my mom owns a one-bedroom condo in the same homeowners association development. We want repairs made and we're frightened because our board directors constantly threaten owners; if we violate any of their rules or governing documents they'll fine and then sue us. Those threats are reduced to writing by the board's voracious attorney, who threatens to send us invoices for legal fees. Our properties are not in trusts and we're unsure how to proceed. What are the costs of setting up a trust and will a trust protect us from litigation by the association?
The bats and balls are gone, the uniforms consigned to the nostalgia bin. The Mission Viejo Vigilantes play only in court now, with the city suing the team and the team suing the city. The minor-league baseball team vacated its offices soon after its second season in Mission Viejo ended in September. The team disconnected its phone and left no forwarding address, leaving an angry band of creditors wondering when--and if--they might get paid.
Virtually unnoticed among the many superpower negotiations, the United States and Soviet Union are trying to settle U.S. claims of more than $1 billion on debts that predate the Bolshevik Revolution, including old czarist bonds bought by Americans. Recent U.S.-Soviet commercial talks have focused on Soviet efforts to obtain most-favored-nation trading status, which would enable the Soviets to get the U.S. government credits and loans they need to resuscitate their economy.
May 1, 1997 | (Bloomberg News)
Chicago-based Montgomery Ward Holding Corp. may have violated practices related to the collection of debt from credit card customers, based on an internal audit by the retailer's majority shareholder. General Electric Co.'s GE Capital Services unit said an internal audit of debt collection practices identified some "issues which we're moving swiftly to rectify," according to spokesman John Oliver. Oliver said GE was confident that the matter won't be material to GE or Montgomery Ward.
February 8, 2008 | Molly Selvin, Times Staff Writer
The long arm of the law reaches only so far, according to a federal appeals court. In a win for consumers, a three-judge panel of the 9th U.S. Circuit Court of Appeals ruled this week that a San Clemente debt collection company could be sued for alleged overly aggressive tactics, even when the company is working on behalf of prosecutors. The appeals court ruled in a lawsuit against American Corrective Counseling Services Inc.
November 15, 1986 | United Press International
The Reagan Administration announced stepped-up efforts Friday to collect $68 billion in delinquent debts and government loans, with one official declaring that "Uncle Sam ain't gonna be Uncle Patsy anymore." At a Justice Department news conference, officials said they will use four laws recently signed by President Reagan to toughen federal debt collection and better combat waste, fraud and abuse.
June 22, 2013 | By Andrew Tangel and Alejandro Lazo, Los Angeles Times
More than a year after regulators cracked down on Wall Street's flawed home foreclosure procedures, authorities are stepping up pressure on debt collectors over a flood of lawsuits rife with unsupported allegations against delinquent credit card holders. State and federal regulators are increasingly alarmed that banks and debt collectors appear to be using faulty records in litigation against borrowers having trouble paying what they owe on their credit cards. In some cases, authorities said, the paperwork and the procedures have been so defective that borrowers weren't even given notice of lawsuits against them until judges rendered default judgments for their failure to appear in court to defend themselves.
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