Unknown creditor - anyone know about these guys?

[PoorGrammyinBK7]

Recovery Management Systems Corporation

They requested notice and I have no clue who they are - did not see them on credit reports, nor have I gotten any correspondence from them. Should I be worried?

[Flamingo]

Google them, research them and I would definately contact them and find out what it is all about. Could be a scam. I see you are discharged and all sorts of things appear in the mail after that time.

[justbroke]

They buy and/or are assignees of Bankruptcy Debt. You may see other names like B-Line, B-Real, eCast Settlement, LVNV Funding, TSYS, etc.

All are trolls...

[TEW]

They are a collection company GE money bank

[PoorGrammyinBK7]

I just noticed it on PACER and thought it strange. Is this something that can come back later, since they requested notice, they know my debts were discharged, right?

[hopingforsanity]

I have an entry before my 341 that this place wants to be copied everything, Apparently I think GE money bank has sold my account to these ppl. I did google them, when I first seen them on pacer, they handle bk cases for their clients.

[justbroke]

I just noticed it on PACER and thought it strange. Is this something that can come back later, since they requested notice, they know my debts were discharged, right?

You're discharged, but not closed. They just want noticing of anything which goes on in the case.

Notices of Appearances are normal. It just allows a Creditor's Attorney (or representation) to receive all correspondence (orders, motions, pleadings, etc) in a case.

[Nicollette]

They buy and/or are assignees of Bankruptcy Debt. You may see other names like B-Line, B-Real, eCast Settlement, LVNV Funding, TSYS, etc.

All are trolls...

Why do companies like these buy the debt knowing they will only get pennies on the dollar for the debt? eCast Settlement bought one of my credit card accounts and Roundup Funding bought another, and they both filed a claim to be paid.

[justbroke]

Why do companies like these buy the debt knowing they will only get pennies on the dollar for the debt? eCast Settlement bought one of my credit card accounts and Roundup Funding bought another, and they both filed a claim to be paid.

They gamble on the possibility that they may get paid. They buy the debt for mere pennies. Sometimes lower than 10% of the original debt.

Since you're in a Chapter 13, anything can happen, including a windfall for you or increase in salary, which increases how much they can get.

It's all a gamble to them... but they are making money, believe it or not.

[cool33097]

I had them as well and they are GE. We had a brandsmart card that was included.

[Nicollette]

Since you're in a Chapter 13, anything can happen, including a windfall for you or increase in salary, which increases how much they can get.

Throughout the remainder of my plan, if my rate of pay stays the same, can any of these creditors object to the % they are getting paid when it gets close to discharge time?

[justbroke]

Throughout the remainder of my plan, if my rate of pay stays the same, can any of these creditors object to the % they are getting paid when it gets close to discharge time?

Not on a confirmed plan. A confirmed plan is just that... the end of "objections". The only person who can really object now, is the Trustee, and that's only for a Motion to Dismiss or a Motion to Increase Plan Payments.

[Nicollette]

Not on a confirmed plan. A confirmed plan is just that... the end of "objections".

That's good to know

[justbroke]

That's good to know

Well, there are some technical objections which can be done within 180-days of confirmation, but only for fraud.

Plan confirmation is considered res judicata or something already judicially decided.

The only thing you can do to a Confirmed Plan is Motion to Modify, or Motion to Dismiss the case, really.

[TEW]

Well, there are some technical objections which can be done within 180-days of confirmation, but only for fraud.

Plan confirmation is considered res judicata or something already judicially decided.

The only thing you can do to a Confirmed Plan is Motion to Modify, or Motion to Dismiss the case, really.

wow justbroke you are really getting into this stuff. i was reading your blog.
maybe you should go to law school.