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Capital One Caught Violating Bankruptcy Laws Capital One, a major issuer of credit card debt, is fully subject to the bankruptcy laws. Despite its sophistication as a major lender, it routinely flouts the Bankruptcy Code according to sources. Courts and bankruptcy administrators had begun investigations of Capital One to determine if its unlawful conduct is intentional and to what extent it violates bankruptcy laws. Their findings are alarming.
uncollectible loans. With almost $3 billion in losses, its apparent why Capital Ones actions are viewed with great skepticism. Hopefully, under the scrutiny of litigation and media attention, Capital One will revisit its practices and choose to respect the Bankruptcy Code.
PA & NJ in need of bankruptcy assistance or asserting their bankruptcy rights should contact Consumer Litigation Group for a no-obligation consultation.
Tagged as: bankruptcy, capital one