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By: Samuel J. Turco Jr.

Nebraska Debt & Bankruptcy Blog

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Samuel J. Turco Jr.

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Debt Settlement Program Not Working?

By Sam Turco on October 1, 2015
Posted in Debt Buyer Lawsuit, Debt Settlement

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Continue Reading Debt Settlement Program Not Working?

70% of Debt Buyer Lawsuits Dismissed When Consumer Files Answer

By Sam Turco on May 27, 2014
Posted in Credit Cards, Debt Settlement, Junk Debt

A report issued by the Consumer Financial Protection Bureau (CFPB) found that a debt buyer dismissed 70% of its lawsuits when the consumer filed a written answer to the lawsuit. 

As part of a debt collector examination, Supervision reviewed collection lawsuits initiated by the entity. Examiners found that in 70% of the cases, when the

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Court Denies CitiBank Interest When Contract Lost

By Sam Turco on January 24, 2014
Posted in Uncategorized

Spider Web

What happens when a bank cannot produce a copy of their credit card agreement during a lawsuit for an unpaid account balance?  Well, that was exactly the situation when CitiBank sued Teresa Cooper in the Superior Court of Vermont, and that case typifies the current status of credit card lawsuits nationwide.  Banks cannot seem to…

Junk Debt Buyer Accused of Manufacturing Evidence

By Sam Turco on January 23, 2014
Posted in Credit Cards, Junk Debt

Lori Swanson.jpgMinnesota Attorney General Lori Swanson has filed a lawsuit against a junk-debt buyer, Bradstreet & Associates, accusing that firm of charging an inflated interest of 22% on debts for overdrawn bank accounts that may only charge 6% interest under Minnesota law. 

Companies have the right to collect legitimate debt.  But they shouldn’t be charging peoeple

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Credit Card Lawsuits: 3 Things You Must Do Now

By Sam Turco on January 11, 2014
Posted in Credit Cards, Debt Settlement, Garnishment

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If you have been sued by a credit card company or by a debt buyer such as Midland Funding, CACH LLC, LVNV Funding, Portfolio Recovery, Cavalry SPV, Asset Acceptance, Unifund CCR Partners or Encore Capital, you need to take immediate action.  Here are three things you must immediately do to win the credit card lawsuit…

Contracts? We Don’t Need No Stinking Contracts!

By Sam Turco on January 3, 2014
Posted in Debt Settlement

Stinking Badges.png

I sued you, you didn’t file an answer,

and you didn’t come to court.

What more do I need to prove?

 –Remark made by an attorney for a junk-debt buyer.*

Junk debt is a debt that is sold by creditors at a deep discount with very little or no documentation of the original contract, no…

About Us

Samuel Turco is a native Nebraskan whose wealth of knowledge and experience in bankruptcy law, along with a rich understanding of the issues faced by those in all corners of the state, has been instrumental in building a bankruptcy law practice adept in always seeing things from the client’s perspective.

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