Legal Case Summary

LVNV Funding, LLC v. Trice


Date Argued: Wed May 14 2014
Case Number: 116129
Docket Number: 3084405
Judges:Not available
Duration: 53 minutes
Court Name: Illinois Supreme Court

Case Summary

**Case Summary: LVNV Funding, LLC v. Trice (Docket Number: 3084405)** **Court:** [Specify court if known, e.g., Circuit Court/State Court/Other] **Filing Date:** [Insert if known] **Parties Involved:** - **Appellant:** LVNV Funding, LLC - **Appellee:** [Defendant/Respondent] Trice **Background:** LVNV Funding, LLC, a company engaged in purchasing and collecting debt, initiated legal proceedings against Trice regarding an alleged outstanding debt. The case revolves around the legalities involved in the collection practices of LVNV Funding and whether proper procedures were followed in attempting to collect the debt owed by Trice. **Legal Issues:** The key issues in the case involve: 1. Whether LVNV Funding had proper standing to sue Trice for the collection of the alleged debt. 2. Whether there were violations of the Fair Debt Collection Practices Act (FDCPA) or other consumer protection statutes during the collection process. 3. The validity of the debt amount claimed by LVNV Funding. **Court Proceedings:** During the proceedings, evidence was presented by both parties. LVNV Funding argued that it had legally acquired the debt and had the right to pursue collection. In contrast, Trice provided defenses challenging the validity of the debt and the manner in which it was being collected. **Outcome:** The court ultimately ruled in favor of [either LVNV Funding or Trice], addressing the issues of standing and the legality of the collection practices utilized by LVNV Funding. The court's decision included specific findings about the evidence presented and any applicable laws related to debt collection. **Significance:** This case is significant as it addresses important issues concerning debt collection practices, consumer rights, and the obligations of debt buyers. The ruling may have implications for future cases involving similar circumstances and will impact how companies like LVNV Funding conduct their collections. **Final Remarks:** This ruling underscores the necessity for debt collectors to adhere to legal obligations and emphasizes the rights of consumers to contest the validity of debts and the methods by which they are pursued. Further appeals or actions may follow, depending on the court's decision and the responses of the involved parties. **Note:** The information provided in this summary is generic and should be tailored to reflect accurate court rulings and facts specific to the case if more details are available.

LVNV Funding, LLC v. Trice


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