What Is Macey Bankruptcy Law?


Quick Answer

Macey Bankruptcy Law merged with Jacoby & Meyers in 2012 to create Jacoby & Meyers Bankruptcy. Reuters records that the merged company went bankrupt in 2014. MBL previously did business as Legal Helpers, according to the Better Business Bureau.

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Full Answer

Macey Bankruptcy Law changed its name in 2012 after reaching a settlement with the Illinois attorney general on fraud charges. Bankruptcy attorney Diane Drain reports that these charges arose from questionable business practices associated with Thomas Macey's earlier firm, Legal Helpers Debt Resolution, LLC. The new firm, Jacoby & Meyers Bankruptcy, shuttered its doors in Dec. 2013, according to Reuters.

Law360 reports that JMB appointed a trustee to wind down the firm and disburse its assets, but that LegalZoom and other creditors sued to force the firm into court-managed bankruptcy proceedings. LegalZoom is the major claimant in the bankruptcy case, claiming JMB owes more than $1 million dollars in unpaid referral fees. Attorneys for JMB unsuccessfully tried to avoid involuntary bankruptcy proceedings by claiming the petitioners filed incorrectly in New York instead of Chicago. As of 2015, MBL's website redirects to JMB's website, which directs former JMB clients to new attorneys in their state. There are reports of former clients having problems with the referrals.

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