Sued by Crown Asset Management, LLC in Florida?
Sued by Crown Asset Management, LLC in Florida?
Crown Asset Management, LLC is a debt buyer that purchases charged-off consumer debt and then attempts to collect the full balance, frequently by filing a lawsuit through a local collection attorney. If you have been sued by Crown Asset Management in Florida, you have rights and options — and the company must prove it actually owns your account before it can collect.
Who Is Crown Asset Management, LLC?
Crown Asset Management, LLC is a Georgia-based debt-buying company headquartered in Duluth, Georgia. Like other debt buyers, it purchases portfolios of defaulted debt — which can originate from credit card companies, banks, medical providers, retailers, and other creditors — for a fraction of the face value, and then seeks to collect the full amount. Crown Asset Management files collection lawsuits and typically retains a local Florida collection law firm to bring the case.
What to Do if You Are Sued by Crown Asset Management in Florida
Act quickly. In Florida, you generally have only 20 days after being served to file a written response with the court. If you ignore the lawsuit, Crown Asset Management can obtain a default judgment and pursue wage garnishment or bank account levies.
- Do not ignore the lawsuit. The 20-day deadline is strict; missing it usually means an automatic default judgment.
- Review the complaint carefully. Is the balance correct? Do you recognize the original creditor? Debt buyers often work from incomplete records.
- Consult a debt defense attorney before responding. An attorney can assess whether Crown can prove ownership of your debt and advise whether to contest, settle, or consider Chapter 7 or Chapter 13 bankruptcy.
Key Defenses Against a Crown Asset Management Lawsuit
Debt-buyer lawsuits depend on consumers not asserting their rights. Several strong defenses can apply.
Lack of Standing to Sue (Chain of Title)
To have the legal right to sue, Crown Asset Management must prove it actually owns your specific debt. That requires a complete “chain of title” — documents showing every assignment of the account from the original creditor to Crown. Gaps or deficiencies in that chain can defeat the claim, and they are a common failure point in debt-buyer lawsuits.
Statute of Limitations
Florida’s statute of limitations on a written contract such as a credit card account is five years, generally measured from the last payment. Because debt buyers often purchase older accounts, a time-barred lawsuit may be subject to dismissal.
Inaccurate or Incomplete Records
As a third-party purchaser, Crown Asset Management often lacks the original signed agreement and a complete account history. Without that documentation, it may be unable to prove the exact amount it claims you owe.
FDCPA and FCRA Counterclaims
Debt buyers and their law firms are debt collectors under federal law. If improper collection tactics were used, or if inaccurate information was reported about you to the credit bureaus, you may have counterclaims under the Fair Debt Collection Practices Act (FDCPA) or the Fair Credit Reporting Act (FCRA).
Frequently Asked Questions
Can Crown Asset Management garnish my wages in Florida?
Only after obtaining a court judgment. If Crown wins — including by default because you did not respond — it can seek a writ of garnishment. Responding within the 20-day deadline is what prevents a default judgment, and Florida law provides exemptions an attorney can help you assert.
Why is Crown Asset Management suing me on a debt I don’t recognize?
Crown is a debt buyer, so the account may have originated with a bank, retailer, or other creditor before Crown purchased it. Regardless of where the debt came from, Crown must prove it lawfully owns your specific account before it can collect.
Where can I see complaints about Crown Asset Management?
Consumers can review complaints filed against Crown Asset Management through the Consumer Financial Protection Bureau’s public consumer complaint database. If you believe your FDCPA or FCRA rights were violated, an attorney can evaluate whether you have a claim.
Get Help Today
A Crown Asset Management lawsuit can often be challenged — but only if you respond in time. At Ziegler Diamond Law, we defend Florida consumers against debt buyer lawsuits and know how to test whether the company can prove it owns your debt. Contact us for a free consultation. Call (727) 538-4188 or reach out online.