Asset Acceptance

Sued By Asset Acceptance, LLC in Broward or Miami-Dade County?

Asset Acceptance, LLC is the largest debt buying corporation in the nation.  Asset Acceptance typically buys old debt directly from original creditors or from another debt buyer and because they are buying debt portfolios in bundles, it allows them to purchase them for pennies on the dollar.

What to Do if You Were Served a Summons from Asset Acceptance?

If you have received a summons from Asset Acceptance it means that you have been SUED and it is very important that you do not ignore the lawsuit against you.  Typically a debtor has 20 (TWENTY) days, from the day you were served, to respond to the lawsuit.  Failure to respond will allow Asset Acceptance to get a default judgment against you and that may lead to your wages being garnished or your bank accounts frozen.

What Defenses could a Debtor have to a Lawsuit by Asset Acceptance?

Asset Acceptance buys their debts in bulk and typically when you buy in bulk the documentation associated with the debt can get lost.  The most common defense to an Asset Acceptance lawsuit is that they can’t prove that they actually own the debt they are suing on.

Other defenses to an Asset Acceptance lawsuit may include:

  • Lack of Standing
  • Prior Settlement/Settled
  • Statute of Limitation has Expired
  • Discharged in a bankruptcy
  • Wrong Party

How Can A Miami Debt Settlement Attorney Help Me?

Shmucher Law, PL has represented numerous debtors against Asset Acceptance.   Our Debt Settlement Attorney will be able to file responsive pleadings on your behalf, attend mediation if necessary, and attempt to amicably resolve this matter by settling the debt and allowing the debtor to make monthly payments (if possible).

Shmucher Law, PL can assist debtors in Broward or Miami-Dade County defend and/or settle their lawsuit with Asset Acceptance. We typically offer a flat-fee payment arrangement and we don’t collect our fee until a settlement agreement has been executed. Feel free to contact us at any time to schedule a free consultation either over the phone or in person.