Summary
The U.S. Court of Appeals for the 7th Circuit affirmed the district court's definition of "net worth' under the Fair Debt Collection Practices Act. The court defined "net worth' as assets less liabilities shown on the company's balance sheet rather than a ...
Michelle Sanders, et al. v. John Lee Jackson, et al.
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See Also
Net Worth Is Not Fair Market Value
The U.S. Court of Appeals for the 7th Circuit affirmed the district court's definition of "net worth' under the Fair Debt Collection Practices Act. The court defined "net worth' as assets less liabilities shown on the company's balance sheet rather than a ...