ecast settlement, East Bay Funding, et al

[harley55]

The folks above now show up on the chapter 13 information I get from my trustee. Are they all just buyers of debt and hoping I will default so they can then file suits? I've seen some bad complaints about their tactics. Do they try and come after you after BK is discharged hoping to get something or once they get notice of discharge, do they go away? (21 mos to go!!)

[LadyInTheRed]

I know ecast settlement buys debt. They bought my Capital One and Bank of America debt after I filed. East Bay Funding probably does too. Just because they filed claims in your Chap 13 doesn't mean they plan to avoid the permanent injunction once you are discharged. They are hoping to get a part of their debts paid during the plan. Even if your plan anticipates paying 0% to unsecured creditors, it is always possible that could change if you have an increase in income. They also want to get notice if your case gets dismissed so that they can start collection actions. If they don't go away after discharge, it usually only takes one letter with a copy of your order for discharge to make them go away. If that doesn't work, you can sue them for violation of the permenant injunction against attempts to collect a discharged debt.

[catleg]

I think all these companies are related to each other, they operate under a variety of names. I assume it is some kind of tax or accounting scam they have going with their investors or the government.

[harley55]

Thanks for the responses. I figured they bought the cc debt as Citibank and Chase went away. It is 0 to unsecured but I am sure they hope for a dismissal so they can come after me. No way, going to finish and get started on the right path.