Good question... I dunno what is the answer to your question. I'll do some Googling and get back to you if I got an anything. You should email the people at Discover Card as they probably could give you an answer..

But any attorney acting as a third-party debt collector does have to. Who actually sued you? Mann-Bracken?..

Thousands of Mann Bracken cases have been dismissed, but will anyone re-file?.

Http://mddailyrecord.com/2010/01/18/thousa...anyone-re-file/.

Some positives I see from this.....

People who were close to SOL, their case might actually go past the SOL period due to delays while the court sorts this out..

Also it is mentioned in the article that MB bought some of the debt it was suing over. Often debt is bought cheaply with no supporting documentation. Not a lot of firms (I would think) would want to engage in that kind of collection practice. But we will see........

This post has been edited by Jen23514: 19 January 2010 - 12:41 PM..

Sounds like a job for P & P to me...

What kind of economy have we got going when a huge player in a recession-proof industry (collections) goes belly up...

Exactly what the Baltimore sun is saying today.

Debt hounds wind up chasing their own tails.

Partial quote:..

Couldn't happen to a nicer bunch. What's surprising, though, is how pro-collector all but one of the comments are...

Just because people have delinquent debts doesn't mean they are going to pay them in an economy like this. I think people are starting to realize that the money they do have needs to go toward food, gas, shelter and things much more important (and life sustaining) than paying (with Discover card) some rude debt collector.

I'm actually not at all surprised they are starting to go under. The collection industry's hayday was more about reviving old debts acquired before the credit boom than collecting on new delinquent debts incurred during the boom, or even during credit bubble bust like now. Many of us had to clean up our credit if we were going to take part in the credit boom and that meant paying (with Discover card) off collections (or suing lol). That's how CB was born, if you want my opinion.

If the Fed and gov't can manage to reinflate the economy into another bubble (Im not betting on that happening personally but YMMV) then in another few years the collection industry will retool and re-emerge. When there's no money, like the current deflationary period we are in, there's no money to pay delinquent debts. Once the money comes back upon successful inflation, if it does, there's new money available to pay those debts. The collections industry is in for a rough time in the near future but they WILL be back and stronger than ever if the bubble is reinflated..

This post has been edited by devil21: 22 January 2010 - 06:04 AM..

People "in the biz" had flatly told me they believed themselves "recession-proof" because they would have more accounts to work in bad times when the accounts produced less, but in the good times the fewer accounts they had would be more productive, smoothing their cash flow. I guess "depression-proof" proved too much of a stretch...

Like the banksters, they were too clever by half. Only in their case, there's no TARP to bail them out...

I believe I read Mann Bracken were the ones who bought Eskanos and Adler (the firm who successfully bullied me into selling my home so I could pay them a measley $7000) a few years ago? I hope that jerk who harrassed for months is very unemployed.

Now if only Asset Acceptance would hurry up and go away.....