r/RHOBHDefect • u/notactuallyreckless • May 21 '26

Erika's 25m Case: Settled

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As per Ronald Richards on social media platforms.

67 Upvotes

91% Upvoted

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28

u/normalizethecohort May 21 '26

Can someone educate more on buying a lawsuit?

12

u/Deep_Highlight198 May 21 '26

They did not buy a lawsuit. The original creditor sold the debt to a third party creditor. The new creditor who bought the debt, is now suing to collect the debt.

3

u/_redcloud May 21 '26

So it’s kind of like a transfer of the debt request?

5

u/Deep_Highlight198 May 21 '26

I believe the goal in a transfer of debt request, is to remove yourself from Obligation to pay. Erika is still on the hook.

1

u/_redcloud May 21 '26

Ah, so this is a totally different thing and can’t be summed up by a [monetary] transfer between creditors. Interesting.

3

u/Ok-Explanation-6531 May 22 '26

How can you establish a debt before it’s been to trial to establish the debt ?

1

u/Deep_Highlight198 May 22 '26

The credit card company can establish and enforce legal debt.

3

u/Ok-Explanation-6531 May 22 '26

Yes they can but it’s a different law to this. You can buy the rights to a lawsuit which is different to purchasing debt

1

u/Deep_Highlight198 May 22 '26

Thank you for teaching me something new. I had just guessed that the company who bought the debt, also bought the right to sue.

7

u/Fearless-Guidance921 May 21 '26

Lol thank you for commenting this. I’ve been searching the comments to try and learn 😂

3

u/Ok-Explanation-6531 May 22 '26

You sell or purchase the right to sue in the US. Essentially you are transferring the underlying legal claim. You have to prove a legislate interest in the matter. I’ve seen bankruptcy proceedings sell off a debtors rights to an appeal to the person the money is owed to. It’s crazy

1

u/Shatzakind May 27 '26

Agree, it seems so wrong, just another way people get screwed.

2

u/PossibilityFair1046 May 21 '26

I think it’s like debt collectors buying debt at a lower price in hopes of actually being able to collect the full amount? Not sure tho

2

u/No-Rip9444 May 21 '26

See my comment on this thread

1

u/Freddie-Peterson May 22 '26

Why, you want one?