what happens when you owe a debt to a company that filed bankruptcy?
I had a debt with Citibank but when I was unable to pay they sent the account to New Century Financial. Citibank has no record of my account. New Century Financial is listed on my credit report as the agency I owe the alleged funds to BUT they filed bankruptcy this year. Now it seems that New Century Financial has illegally sold my information to a law firm named Pressler&Pressler. The NJ state attorney general has a lawsuit pending against Pressler&Pressler. there is also a petition with more than 700 signatures saying that Pressler&Pressler has violated their consumer rights. I have already filed complaints with the FTC and NJ attorney general.
I am not disputing that I owe it and I HAVE been trying to pay it for some time but the recent agency that is trying to collect IS VIOLATING FTC LAWS. Like i said before there is a lawsuit pending in their collection practices because they harass and threaten people. They seize bank accounts illegally, they pay off judicial clerks and they also take money and never apply it to a person account.