Served in a lawsuit by PG Acquisitions Group Inc.?

What does being served in a lawsuit by PG Acquisitions Group Inc. mean?

If you have been served in a lawsuit recently by PG Acquisitions Group, Inc., or have currently pending litigation with PG Acquisitions Group, you are not alone. PG Acquisitions Group is approaching $100 million in purchases to date. 

They are a debt collection company that specializes in purchasing charged off auto-deficiency accounts. They have purchased rights to old deficiencies from the bank that previously noted your delinquent and it is trying to collect whatever amount it can. Based in West Palm Beach, FL, they have served thousands of Floridians and are seeking judgments against them.  

If you are facing a deficiency judgment lawsuit or motion by PG Acquisitions Group, Inc., having an attorney that knows how to defend against a deficiency lawsuit is paramount to mitigating your damages or having a strong defense.  

What is a Deficiency Judgment?

A deficiency judgment is a legal order to pay off unpaid loan balance after repossession. Once the lender takes your property and resells it, using proceeds pay off your debt and any additional fees – including legal ones – related to collections. 

PG Acquisitions Group can attempt to collect on the auto loan deficiency and must obtain a deficiency judgment to do so. These types of judgments are extremely common and are subject to very limited defenses. Generally, the consumer thinks the debt has been forgiven and ignores the lawsuit, which is a big mistake.

Deficiency Judgment Defense Strategies

One defense is the statute of limitations. In most cases, the borrower has five years to seek the deficiency judgment. However, in some cases, the nature of the note has an impact. The principal, or amount due, does not change once you stop payments. If the repossessing bank pleads their argument correctly in court, under current Florida law, they may collect the entire balance of the loan, including default interest. This may be applied from the original default date on the loan.   

After being served by PG Acquisitions Group Inc., it may be confusing what to do next. Choosing to fight a deficiency in court will add to the amount the bank or PG Acquisitions Group will seek against you. But not fighting it has its consequences. 

What can happen? 

When creditors like PG Acquisitions Group Inc. purchase these debts, they become debt collectors. This commonly leads to negative reports on your credit followed by filing a deficiency lawsuit to seek judgment against you. 

If they do get a deficiency judgment, they will likely try to garnish your wages or attach liens against any personal property. Understand that a settlement, and not a final judgment, maybe in your best interest to avoid these outcomes. 

Learn your options. Having a consumer attorney gives your side more strength in a negotiation and at trial. Call our Brandon, FL law office today to speak with a lawyer. 

I’m Already in Ongoing Litigation

PG Acquisitions Group must prove its case and meet their burden in court. If you have counsel in ongoing litigation – it’s important that they have defended a case against PG Acquisitions Group before. 

If you are facing a PG Acquisitions Group trial or a motion for a deficiency judgment and are uncomfortable with your attorney or don’t hear back from them – it may be time to hire another lawyer. 

Experience on Your Side

A deficiency judgment lawyer can help dramatically in a settlement negotiation and at trial. At Owen & Dunivan, we want to win. Attorneys will use any and all defenses, documents, and data may best help your case. 

If you have recently been served by PG Acquisitions Group, and would like to know your options, please contact our law office at (813) 502-6768 or email us to set up a consultation. If you are in Hillsborough County, I even offer flat fees for most PG Acquisitions cases.

The following two tabs change content below.

Bryant H. Dunivan Jr., Esq.

Partner at Owen & Dunivan, PLLC
Attorney Bryant Dunivan is a foreclosure, real estate, and consumer protection attorney who focuses his efforts on making his clients feel like people and not just a file. Just Served? I offer a free consultation. Contact me today.

Attorney Bryant Dunivan is a foreclosure, real estate, and consumer protection attorney who focuses his efforts on making his clients feel like people and not just a file. Just Served? I offer a free consultation. Contact me today.

Posted in Consumer Protection, Uncategorized Tagged with: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

As Featured In:

Best Real Estate Lawyers in Tampa














DEFENDING YOUR RIGHTS, STATEWIDE!

DEFENDING YOUR RIGHTS, STATEWIDE!

First Judicial Circuit of Florida

Counties: Escambia, Okaloosa, Santa Rose, and Walton

Second Judicial Circuit of Florida

Counties: Franklin, Gadsden, Jefferson, Leon, Liberty, and Wakulla

Third Judicial Circuit of Florida

Counties: Columbia, Dixie, Hamilton, Lafayette, Madison, Suwannee, and Taylor

Fourth Judicial Circuit of Florida

Counties: Clay, Duval, and Nassau

Fifth Judicial Circuit of Florida

Counties: Citrus, Hernando, Lake, Marion, and Sumter

Sixth Judicial Circuit of Florida

Counties: Pasco and Pinellas

Seventh Judicial Circuit of Florida

Counties: Flagler, Putnam, St. Johns, and Volusia

Eighth Judicial Circuit of Florida

Counties: Alachua, Baker, Bradford, Gilchrist, Levy, and Union

Ninth Judicial Circuit of Florida

Counties: Orange and Osceola

Tenth Judicial Circuit of Florida

Counties: Hardee, Highlands, and Polk

Eleventh Judicial Circuit of Florida

County: Dade

Twelfth Judicial Circuit of Florida

Counties: Desoto, Manatee, and Sarasota

Thirteenth Judicial Circuit of Florida

County: Hillsborough

Fourteenth Judicial Circuit of Florida

Counties: Bay, Calhoun, Gulf, Holmes, Jackson, and Washington

Fifteenth Judicial Circuit of Florida

County: Palm Beach

Sixteenth Judicial Circuit of Florida

County: Monroe

Seventeenth Judicial Circuit of Florida

County: Broward

Eighteenth Judicial Circuit of Florida

Counties: Brevard and Seminole

Nineteenth Judicial Circuit of Florida

Counties: Martin, St. Lucie, Indian River, and Okeechobee

Twentieth Judicial Circuit of Florida

Counties: Charlotte, Collier, Glades, Hendry, and Lee

The use of this website, including the submission of any forms is done so in express acceptance of its Terms of Use. If you do not agree with these terms, you are asked to click here. The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation and is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. The hiring of a lawyer is an important decision that should not be solely based on advertisement. Before you decide, ask us about our qualifications and experience.

Attorney Bryant Dunivan's offices are centrally located in Tampa, FL and Valrico, FL. From these locations, Mr. Dunivan represents clients facing Foreclosure, Chapter 7 and 13 Bankruptcy, Consumer Protection, and Real Estate Law. This includes the entire state of Florida - including Hillsborough, Pasco, Pinellas, Osceola, Seminole, Orange, Lee, and Collier counties. Mr. Dunivan represents clients throughout the state of Florida.


Owen & Dunivan, PLLC

Tampa, FL Office
615 W. De Leon St.
Tampa, FL 33606


Valrico, FL Office
1815 East State Road 60 Suite 202
Valrico, FL 33594


Offices:Valrico, Tampa

A consultation with me or my firm may result in seeking relief under Title 11 of the US Code (Bankruptcy). We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

8.5Bryant Houston Dunivan Jr.