Feb 24, 2021 | Business Debt, Debt Collection
Not too long ago, an attorney called me on the Lawyer-to-Lawyer directory*. He had recently obtained a judgment for his client against a Limited Liability Company (LLC). The amount of the judgment was $17,000, and he believed the LLC might not have much in the way of...
Feb 18, 2021 | Financial Problems, PPP Loans
Last year I predicted that the Department of Justice (DOJ) would be busy prosecuting fraud under the Paycheck Protection Program (PPP). A few weeks ago, the DOJ announced its first civil settlement of such fraud claims.The stipulation for settlement sets forth the...
Feb 17, 2021 | Consumer Law Issues, Debt Collection
Photo by Alexander Dummer from Pexels The Fair Debt Collection Practice Act (FDCPA), prohibits misleading an unsophisticated debtor. An “unsophisticated debtor” is “one who is uninformed, naïve and trusting, but does possess rudimentary knowledge about the financial...
Feb 12, 2021 | Business Debt
Clients often ask me this question. They were instructed to operate their business as either a corporation or a limited liability company (LLC), and were led to believe that they would not have liability for the debts which the entity might incur. Photo by Matthias...
