Hess Kennedy Receivership
Date: Thu, 08/13/2009 - 13:20
I just received a letter from Chase Bank forgiving yet another debt I placed with the Hess Kennedy firm. My HSBC, Capital One Accounts and now my Chase accounts are all settled with no derogatory information on my credit report.
My claim with the receiver has now been denied. This is fine I guess, I only paid $3500 and have eliminated over $23,000 in debt with no derogs on my credit report. (I have a 705 Score now)
I have been following this case. They had over 90,000 clients with a little over 250 BBB complaints. That's .00277 complaints.
The LBF website just reported (July Receiver Report) that the Debt Management business of Hess Kennedy is still operating and generating over $3,800,000 in "receipts".
LBF paid out over $280,000 in "professional" and "legal" fees to themselves from the $3,800,000 worth of receipts and stated that the "Receivership Entities" will continue to receive "commissions from the Debt Management Business".
My question is to anyone out there, if the business was a scam, how did it settle all my debt and how can it still earn commissions?
I think Laura Hess and her cronies should have hired better lawyers. From the look of it, they had their business jacked.
My claim with the receiver has now been denied. This is fine I guess, I only paid $3500 and have eliminated over $23,000 in debt with no derogs on my credit report. (I have a 705 Score now)
I have been following this case. They had over 90,000 clients with a little over 250 BBB complaints. That's .00277 complaints.
The LBF website just reported (July Receiver Report) that the Debt Management business of Hess Kennedy is still operating and generating over $3,800,000 in "receipts".
LBF paid out over $280,000 in "professional" and "legal" fees to themselves from the $3,800,000 worth of receipts and stated that the "Receivership Entities" will continue to receive "commissions from the Debt Management Business".
My question is to anyone out there, if the business was a scam, how did it settle all my debt and how can it still earn commissions?
I think Laura Hess and her cronies should have hired better lawyers. From the look of it, they had their business jacked.
Hi Rob Roy, In the following thread the similar topic, i.e.
Hi Rob Roy,
In the following thread the similar topic, i.e. Hess Kennedy receivership, has been discussed. You may find it an interesting reading.
http://www.debtconsolidationcare.com/settlement/about55287.html
