Supreme Court Protects Collectors of Stale Debt

May 15, 2017 Seth Welborn

Debt collectors that knowingly pursue stale debt in bankruptcy proceedings do not run the risk of facing potential consumer protection lawsuits, accoridng to a Supreme Court ruling. The ruling came after the high court voted 5-3 to overturn an Eleventh Circuit decision which had found Midland Funding LLC, a purchaser of unpaid debt, potentially liable under the Fair Debt Collection Practices Act.

The post Supreme Court Protects Collectors of Stale Debt appeared first on theMReport.com.

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