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Tag Archives: Zombie Debts

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High Court Rules Against Consumers In Bankruptcy Proceedings

By Jessica Holguin |

Debt buyers may file proofs of claim on “zombie debts,” effectively denying bankruptcy debtors a fresh start, according to a new decision from the United States Supreme Court. In Midland Funding v. Johnson, the moneylender filed a proof of claim for a credit card debt that was well outside Alabama’s six year statute of… Read More »

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