Hess Kennedy Receivership

if there is any way to get the rest of the 75% that is owed, I will gladly join any other type of class action suit, however possible, but I think that once we cash our checks, we may accept the 25% and nothing else. I really don't know FL law that well, and they are screwy down there like in TX.

settlements have been mentioned here, does anyone have any stories of settlements with collection agencies? What are you results, if any, with debt amount percentages that are negotiated?
Unfortunately, all my debts have now gone out as CHARGE OFFS with the banks, and are now will collection agencies. I understand that the collection agencies buy off the debt accounts and pretty much make 100% of what ever they collect. I also understand that they can pursue you for 4 years in the state of CA.
Any help is extremely appreciated!

How do you get your money back from Capital One! I was also screwed by Hess Kennedy and have been paying Capital One through them for the last three years. Please email me

I received my claim number about one year ago but i don"t have more mail .

I keep calling and they say it at the mail center. But the checks Never went anywhere. They are lying .

Settlements with collection agencies? I settled with one for 30% if what I owed them. I probably could have settled for less, but I was new at negotiating and thought 30% was rock bottom.
I was going to be making monthly payments on another account until they settled for 20% of what I owed them.
Then, I had 3 accounts with Chase Bank and they were part of a global settlement reached by Daniel Stermer; so I essentially settled with Chase, owing them 0%.
Daniel Stermer as Receiver has more than kept up his end of the bargain. My distribution, though not nearly what I paid Hess Kennedy, was (according to my rusty math!) @ 14%. But his job was not to get all my $; it was to get what he could-if any. It's my fault that I incurred the debt that required settlement.

Same here about being satisfied. I've received everything from Daniel Stermer's office that I was told/promised. Nobody held a gun to my head, demanding that I run up the credit card debt.
Another credit card company just authorized settlement of a debt, my final, that was owed. After 5 cards, I have settled all debts and have one more 1099C to receive and I'll be done with this nightmare. I'm looking forward to getting on with more credit repair.

Their website has a link if you're not received your disbursement. It is:
http://hesskennedyreceiver.com/

The link to another explaining the disbursement process is broken as of yesterday; but I was in touch with one of the attorneys, they're aware of the problem and will fix it. In the meantime, contact them at the phone number given at the above site. Daniel Stermer may not have time to respond immediately (though he''ll get to it), but one of his assistants, Stephen Kellogg ALWAYS does.

I had one account with Bank of America for $26K which the collection agency/law firm was requiring monthly payments. About 2 months ago, they offered to settle that account in full for $4K; still a lot of money, but a lot less.

Anyway, now I can start rebuilding my credit. I had 5 accounts with HessKennedy and 5/5 have been satisfied; make sure you get letters to that effect and that they change you credit report to reflect that you satisfied your indebtedness to the credit card companies.

I am also in the same boat. I received 25% a year ago. Then a second check for a few dollars amounting to nothing and thats it.

[QUOTE=Anonymous;762492]I am also in the same boat. I received 25% a year ago. /QUOTE]

I received that @25% of what I'd paid the bums at Consumer Law Center/HK, but I see on the receivership's website that there may be another disbursement before 12/31/2010. I was never told that the Receiver had promised to get all my money back; HK duped a lot of people. Not only debtors, but vendors, probably employees, too. We're in that long line where it's 'hurry up and wait' and we might not see much more of our money.

That's the way I ook at it, because it was no one but me who racked up all these charges

If 25% is what I got last year, and this year's disbursement is nearly the same, I'll not have a probleml though I'd like to see ALL the money I mailed to Consumer Law Center/HK.

I'm with you; I was in the wrong, initially; in that it was me, only me, who ran up the debt in the first place. If I hadn't run up that debt, I wouldn't have needed to try to find help from the scum CLC/HK.

But I did and I received the first disbursement last year, only about 1/10 of what I'd paid them to get me off the hook. If I receive even that much this year, I'll consider myself lucky; not only were we defrauded (?), but like teamrnsabc said, there were vendors and everyone they did business with who has to HURRY UP AND WAIT. "Grab a number!"

At least most of my debts have been settled and I've learned the VERY hard lesson the VERY hard way; pay as you go, pay as you go, pay as you go and pay as you go!

Were you promised that remaining 75% back? We trusted HK to return it (or at least get negotiate a settlement with our creditors) but never in my dealings with the Receivership did they promise that I'd get the remaining 75%. They said they'd do their best to recover as much as possible, but HK took EVERYBODY for a multi-million dollar ride.

I had one account with BOA for 28K, that they reported as a charge off. Then BOA OFFERED me a settlement for 6K. My credit report has since been cleared by all bureaus.

Chase wrote off the 3 accounts I had with them as part of a global settlement; I still had to pay taxes on the settled amount.

Target was the first account I settled. I made an offer to settle the account for 30%, but I'm sure I could have settled for 20-25% (maybe even less). I think credit card companies were told by the government to settle offers that were reasonable and made in good faith.

Not sure on that last statement, but make sure that if you receive an offer to settle an account for (x), that you get that offer in writing and that after you've made payment, make sure the credit card company will make sure that your credit report reflects "PAID AS AGREED" :"settlement reached" "account settled and vendor agrees that it is PAID IN FULL"

When you receive a confirmation of payment letter, make sure that it is signed (not just an electronic signature) but SIGNED by a real human person. It should also be signed by an official at the attorney's office (who has the power to make the offer) . Then you can get on to the part where you improve your credit. Send any information, certified mail. so you know that it was received and when. There is a time limit, I think 30 days, for adjusting your credit report.