Hello all, ive been looking at securitization and 10k forms and prospectus forms and i saw on youtube where a kill debt member beat a few of the major banks using securitization as a defense(sure there's more to it than that) but in reading the sec forms the receivables get sold to a trust often on a non recourse basis but the accounts stay with the original creditor and often times their paperwork allows them to sue on the accounts which is what the cross complaintant in my amex case is claiming. In california i believe they have to attach a contract to the breach of contract case with the account number. My question is should discovery be used as an aggressive discovery weapon? or included as part of the complaint any opinions would be appreciated
Already a member? Log in to join this discussion.
You can read every thread. Members can answer.
The people posting here are using the same tools you would be, on cases like this one.