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7th Circ. Refuses To Revive Suits Against Debt Collectors

Law360 (July 20, 2018, 6:40 PM EDT) -- An assertion that a tax consequence “may” happen is not the same as a declaration that it “will,” a Seventh Circuit panel has ruled, upholding the dismissals of two individuals' suits against debt collection firms for a perceived implication about their forgiven debt.

Amy Dunbar and Tammy Smith alleged they received letters from collection law firms offering to settle their debts at a significant discount. The letters included the warning that the settlement “may” have “tax consequences.” The statement was misleading under the Fair Debt Collection...
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