Another one bites the dust. The interesting thing about this, though, is that Mann Bracken was the largest debt collection law firm in the country and possibly the world. Mann Bracken was formed by the merger between Eskanos and Adler and Wolpoff and Abramson, two mega law firms that specialized in debt collection. Now, none of them exist.
What does this mean for consumers? First, one less large debt collector to harass you. That is a good thing! Second, Mann Bracken is in the process of dismissing its cases against people. If they have sued you recently, you can expect a dismissal from them. Yes, that is right. A dismissal. However, this does not mean that someone else will not come along and sue you. Erica Brachfeld could take some of these cases and sue the folks for the creditors. Or, you could see new debt collection law firms pop up to take their place.
This is good news for consumers. Hopefully it is a good start to 2010 and a sign of things to come!