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Hess Kennedy Receivership

Date: Wed, 11/19/2008 - 07:54

Submitted by anonymous
on Wed, 11/19/2008 - 07:54

Posts: 202330 Credits: [Donate]

Total Replies: 165


Anybody else going through this? I was screwed by these A-Holes and was wondering if any others are on here. I sent in my claim form a week or so ago. Has anybody else sent it in or received any info from the receivership?

I sent them an email and they stated they had not logged my into the system yet. They had only logged in mail received as of 11/6/08.


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.


lrhall41

Submitted by on Fri, 09/17/2010 - 08:04

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Quote:

Originally Posted by Anonymous
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!


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.


lrhall41

Submitted by on Thu, 10/14/2010 - 08:15

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Quote:

Originally Posted by Anonymous
Has anyone else who was taken advantage of by hess and kennedy only receiveing 25% of the original promised amount of money there were supposed to get back? if you are i am persusing a case against them to get the full amount of money i paid them, if you want to join me in my case it would help out a lot.



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.


lrhall41

Submitted by on Sun, 10/24/2010 - 16:05

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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.


lrhall41

Submitted by on Thu, 11/04/2010 - 23:28

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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!


lrhall41

Submitted by on Fri, 11/12/2010 - 16:41

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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.


lrhall41

Submitted by on Tue, 11/16/2010 - 23:41

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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. ;)


lrhall41

Submitted by on Wed, 11/17/2010 - 19:35

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I had 3 accounts with Chase as part of a global settlement 'settled.' But, the case wasn't closed until after they issued a 1099c.


lrhall41

Submitted by on Fri, 11/19/2010 - 20:57

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Somewhere, I was reading a court transcript or something and I, too came across Laura Hess' e-mail addy. Did she hear from me, or what? That $11K I paid her firm, could/should have gone towards settling those debts, HONESTLY. All of us here fell for the same trap and line; but we didn't deserve what we got from HK.


lrhall41

Submitted by on Fri, 11/19/2010 - 21:04

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I don't know how much $ the Receiver makes; he's got to divide his money amongst employees and cover expenses, rent, etc. I'd venture a guess that what he makes is well below his hourly rate, but I could be wrong on that one. When figures in the millions are tossed around, its no wonder we're receiving such small amounts! When you divide millions by thousands of claimants, each claimant doesn't see much, only a fraction of what he paid to HK.


lrhall41

Submitted by on Sun, 12/12/2010 - 15:54

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I also have got screwed , but please whatever you do just send me my money before Christmas I have waited this long just give me mines know. This year would have made three years for me. And I would have been finish paying this debt. Now it is like i have to start all over. And then I have to wait forever to get back my money that was stolen from me, That all that was stealing.


lrhall41

Submitted by on Mon, 12/13/2010 - 05:30

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