Prepared for Paul D. | Delivered February 12, 2020
Insights on Assets Loss in the US
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To gather 5-7 insights around cases where an individual has to part with his/her assets because of the inability to hire a good lawyer.
Our research on assets loss in the US due to the inability to hire a good lawyer revealed insights. Here are key pieces of information we found:
Assets Loss in the US Due to Inability to Hire a Good Lawyer
tens of thousands of homeowners
have alleged they were
cheated by bad lawyers
or marketers boasting ties to law firms, a Center for Public Integrity investigation found.
A coalition of consumer and law enforcement groups organized by the
Lawyers’ Committee for Civil Rights Under Law
has tracked companies and
to “rescue” homeowners from foreclosure.
This group has collected more than
46,000 written complaints
from homeowners whose
losses totaled more than $100 million
— nearly two-thirds linked to probable
misconduct by lawyers
or their associates.
Minorities accounted for
just over half
of these complaints, and they tended to
lose more money
have not recovered
much, if any, of their money. The Federal Trade Commission and the federal Consumer Financial Protection Bureau have won more than $341 million in civil judgments, but the agencies have actually collected
less than 5 percent
of that amount, according to court records.