Collections and Creditor/Debtor
CREDIT CARD MISREPRESENTATIONS AND CONSUMER FRAUD
The banking and credit card industry generates more consumer complaints in America than any other industry, according to the Better Business Bureau. Each family in America currently has eight credit cards and carries about eight thousands dollars in credit card debt, according to the federal government. Collectively, American credit card holders pay $101 billion dollars [...]
COGNOVIT NOTE AND JUDGMENTS
A “Cognovit Note” is an extraordinary document by which a debtor (one who owes money) enters a confession in court that allows a legal judgment against the debtor in the favor of his or her creditor (the person who is owed money). Generally speaking, a cognovit note is a confession of judgment given to a [...]
AMOUNT RECOVERABLE UNDER A JUDGMENT IN CALIFORNIA
This serves to summarize some of the requirements concerning judgements in California. John Zodrow sat for and passed the bar examination in California, and practiced law there. This discussion is not exhaustive and does not convey legal advise. It is a summary of many of the applicable statutes, and provides citations/references for further review. It [...]