These letters of credit, one for $50 million and the other for $77.75 million, were later deemed to be fraudulent.

Some of them, such as the creditor having 30 days to acknowledge a complaint and two billing cycles to come to a conclusion regarding a dispute, are mentioned above.

In a win for credit bureaus and debt collectors, medical debt will be allowed to stay on your credit report after all.

Mudrick's letter said other creditors are hamstrung in agitating for a sale given they have signed a so-called restructuring support agreement associated with Neiman Marcus's bankruptcy case. The ...

"I am a Federal employee who has recently been furloughed due to a lack of funding of my agency," a sample letter to a creditor read.