News + updates + recent press
Padgett Law Group (PLG) is pleased to announce that the firm has appointed Jay French as Chief Operating Officer (COO). French immediately assumes duties related to the day-to-day oversight and management of the firm’s operational activities associated with its creditors rights’ legal practice. PLG offers comprehensive default legal services in Florida, where the firm originated over 25 years ago; Georgia; Tennessee; Arkansas; and Texas. French is based out of the firm’s Atlanta office in the city’s financial services hub of Buckhead.
In his new role, French will report directly to Founder and Chief Executive Officer (CEO) Timothy D. Padgett. French previously provided management consulting services to the firm and steps into his role with a deep understanding of the firm’s work, people, and practice.
“Jay’s industry and corporate experience helped us reshape ourselves internally to better face the future of this business. After nearly a year of that process, it became clear that Jay had a long-term home at PLG and we couldn’t be more excited about this permanent addition to and expansion of our executive leadership team,” said Timothy D. Padgett, PLG Founder and CEO.
French has held numerous senior leadership roles in telecommunications, information technology, and financial services. His previous industry experience includes over three years as Vice President of Client Financial Services for Prommis Solutions. French holds a B.S. in Computer Engineering from Auburn University and an MBA in Finance from the Stetson School of Business and Economics at Mercer University - Atlanta. In his spare time, French spends time with his wife and three young adult children. He enjoys an active healthy lifestyle, while serving others through his genealogy expertise. Click here to contact Jay.
On December 6, 2018, the Eleventh Circuit Court of Appeals decided a case of first impression in Dukes v. Suncoast Credit Union. The issue before the Court was whether a chapter 13 plan’s reference to a claim as being paid outside the plan was “provided for” by the plan and thereby included in the discharge. The Eleventh Circuit concluded it was not discharged. This is excellent news for servicers.
On Friday, the Florida Supreme Court provided its decision in Glass v. Nationstar Mortgage, regarding the entitlement to attorney’s fees when the borrower prevails in litigation.
The Fourth District Court of Appeal had held that where a foreclosure case is dismissed for lack of standing, the borrower may not take advantage of the attorney fee provision of the mortgage to seek fees. The Florida Supreme Court quashed the decision of the Fourth District, and found that the borrower was entitled to attorney’s fees.
PLG BLOG DISCLAIMER
The information contained on this blog shall not constitute legal advice or a legal opinion. The existence of or review and/or use of this blog or any information hereon does not and is not intended to create an attorney-client relationship. Further, no information on this blog should be construed as investment advice. Independent legal and financial advice should be sought before using any information obtained from this blog. It is important to note that the cases are subject to change with future court decisions or other changes in the law. For the most up-to-date information, please contact Padgett Law Group (“PLG”). PLG shall have no liability whatsoever to any user of this blog or any information contained hereon, for any claim(s) related in any way to the use of this blog. Users hereby release and hold harmless PLG of and from any and all liability for any claim(s), whether based in contract or in tort, including, but not limited to, claims for lost profits or consequential, exemplary, incidental, indirect, special, or punitive damages arising from or related to their use of the information contained on this blog or their inability to use this blog. This Blog is provided on an "as is" basis without warranties of any kind, either express or implied, including, but not limited to, warranties of title or implied warranties of merchantability or fitness for a particular purpose.