News & Insights


June 21, 2021 - Source: American Bankruptcy Institute

Creditors, Beware: Asserting Stale Bankruptcy Claims May Have Repercussions

As Justice Sotomayor found in her dissenting opinion in Midland Funding, “[p]rofessional debt collectors have built a business out of buying stale debt, filing claims in bankruptcy proceedings to collect it, and hoping that no one notices that the debt is too old to be enforced by the courts.

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