The lifecycle of financial receivables and collection of zombie debt
On January 30, 2012, Historic City News published an article titled, “Check before you pay Asset Acceptance LLC” after we uncovered hundreds of collection lawsuits filed in St Johns County Court by the company who is in the business of buying delinquent debts. Current debt is bought and sold by lenders and investors all the time; but, nearly ten years ago, a cottage industry that purchases final judgments and delinquent debt, at very deep discounts, was born.
Historic City News has received word that two of the three ethics charges against Flagler County Sheriff James Manfre have been upheld by the Administrative Law Judge hearing the matter.
Historic City News has learned that eight Flagler College students recently returned from the nationally-recognized Kennedy Center American College Theatre Festival in Charleston, where they competed in categories ranging from design and technical theatre to performance, stage management and dramaturgy.
The City of St. Augustine announced to Historic City News that applications are available for the 2016 Neighborhood Grant Program. The deadline for applications is Monday, March 21. Applications are evaluated by a committee of city staff members which presents a package of recommended projects and funding for each to the city manager.