Tag Archive

Ex-Repo Man in Hot Water over Sketchy Lien Sales

Published on May 4, 2016 By Cucolle1

Marion County, IN – Brian Fenner had big plans for his Indianapolis towing company, Sperro Towing and Recovery. His goal was to build a national network of bankruptcy attorneys who would let him know if a struggling client had a vehicle they couldn’t afford to keep. Fenner would pay the bankruptcy fees in exchange for […]

Obtaining and Documenting Bankruptcy Reaffirmation Agreements

Published on May 4, 2016 By Cucolle1

Next Thursday, May 12, 2016 10:00 a.m. PST, 11:00 MST, 12:00 CST, 1:00 EST   (Estimated 120 minutes)   Creditors love them. Debtors’ attorneys hate them. Debtors often don’t understand them. Courts vary on whether they will approve them. Congress was wary of them and established very specific rules for documenting them. Failing to comply with […]

Exclusive American Recovery Association Insurance Program Participants Operate Above the Industry Standard

Published on April 29, 2016 By Cucolle1

FOR IMMEDIATE RELEASE Irving, Texas, April 27, 2016 – American Recovery Association (ARA), the world’s largest association of recovery and remarketing professionals, is excited to announce that ARA members who participate in the exclusive ARA insurance program have an average loss ratio 20% below the industry average. This program-wide loss ratio allows a dividend back […]

NY Introduces New Anti LPR Bill

Published on April 14, 2016 By Cucolle1

“Honestly, I think it’s kind of creepy. I would use the word ‘stalking’ almost,” said Assemblyman Jeffrey Dinowitz, D-Bronx, who has introduced a bill to limit the way police may use plate readers and make New York one of the few states prohibiting their use by private companies.   Read More!

Are You the Flavor of the Month?

Published on April 9, 2016 By Cucolle1

Guest Editorial Are you being contacted by clients you have not heard from in years, or even clients you have never heard of?  There seems to be a scurry of inquiries about our services all around the nation lately.  Could this mean clients are becoming disenchanted with the forwarding model that took over not so […]

Does the Repo Man’s Life Matter Anymore?

Published on April 8, 2016 By Cucolle1

Guest Editorial In my 30 plus years in the repossession business I have seen so many changes that has affected the way we do business. Auto auctions have set up companies to solicit the handling of repossessions for the major banks and captive finance companies. Their purpose is to increase their sales of recovered collateral.  They […]

The George Badeen vs. PAR War Wages On

Published on March 29, 2016 By Cucolle1

Lansing, MI – March 23, 2016 – Despite clear administrative and judicial rulings from 2014 & 2015, declaring PAR to be a “Debt Collection Agency” by definition under Michigan Law, PAR appears undaunted and continues in it’s attempts to thwart any attempt to limit its doing business in the State of Michigan or be defined […]

3rd Circuit Court Holds Collateral Repossession Did Not Violate FDCPA

Published on March 15, 2016 By Cucolle1

March 15th, 2016 – The U.S. Court of Appeals for the Third Circuit rejected allegations that two repossession companies violated the federal Fair Debt Collection Practices Act, holding that the companies had a right to repossess a vehicle as collateral for an unpaid loan.   Read More!

HELP !!! The Recovery Industry is Under Major Attack!!!

Published on February 24, 2016 By Cucolle1

A large national forwarder is attempting to change 493 PRESS RELEASE Fellow recovery agents, just like they tried last year, a large national forwarder is attempting to change 493 and attempting to create an exemption for themselves from licensure! For the second year in a row they are attempting to change the definition of what a recovery agency […]

Are Creditors Liable for the Acts of Recovery Agents?

Published on February 24, 2016 By Cucolle1

Guest Editorial Even today many creditors will argue that they are not responsible for the acts of the collateral recovery specialists they hire to recover their defaulted collateral. Their argument, which the courts disagree with, is that the collateral recovery specialist is an “independent contractor” and therefore must assume the liability associated with the self-help […]

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