Debt Collector

Out of State Debt Collector and Former Lawyer Who Resigned While Facing Discipline Arrives in Texas

Arden Brian Silverman is Owner at Capital Asset Protection per his Linkedin profile, a Commercial Collections business in Calabasas, CA.

202233487A

ARDEN SILVERMAN (DBA CAPITAL ASSET PROTECTION) vs. INTERNATIONAL BANK OF COMMERCE

(Court 190, Judge Beau Miller)

JUN 7, 2022 | REPUBLISHED BY LIT:  JUN 7, 2022

Non-suited Order Granted WITHOUT PREJUDICE to refiling, meaning this ROGUE gets to have a second bite at the apple.

THE JUDGMENT IS AGAINST PRECISION PIPE INCORPORATED FOR $82K+

New Garnishment Case. It hasn’t started well. Silverman is not bonded nor insured in Texas or licensed in California (effective 1 Jan 2022) to collect a debt.

Note: The judgment was in October 2021, before the California Licensing Laws took effect on 1st January, 2022, but Silverman needs a license in Texas to collect in 2022 from IBC.

P.S. That does not excuse Silverman’s company from failing to register in California in 2022, since he operates a debt collecting business in the State.

ARDEN SILVERMAN DBA CAPITAL ASSET PROTECTION

The question is, how many times has rogue debt collector Arden Brian Silverman done this in Texas courts before?

Debt Collector Licensing Laws in CA

Licensing Update: California Launches Search Portal for Debt Collection License Applicants

The portal allows consumers to look up licensees and debt collectors allowed to do business in California and for applicants to check their business operation status while their license is pending.

California’s Department of Financial Protection and Innovation (DFPI) recently launched an online portal for consumers and debt collection license applicants to search for their operation status while their application is being reviewed by the state.

The Debt Collection Licensing Act, which took effect Jan. 1, 2022, requires any person engaging in the business of debt collection in California to be licensed annually by the DFPI.

The DFPI is expecting to license thousands of entities over the next two years. To avoid missing important updates, interested parties are encouraged to check the DFPI website periodically and subscribe to the DFPI’s email subscription service.

Meanwhile, the new online portal has two options to look up your application or for consumers to search for a debt collector’s license.

Some licensing applicants, under the Debt Collection Licensing Act, are allowed to do business while they are waiting for the DFPI’s decision on their license.

The DFPI also told the licensing department with Collectors Insurance Agency Inc. that in the event applicants used a trade name or “doing business as” name on their licensing application and it isn’t displayed on the online portal, they can still search the portal using their company name.

LIT’s Search for Silverman Came up Blank

LIT PERFORMED A SEARCH FOR SILVERMAN AND HIS DBA, EVEN PENDING APPLICATIONS

NO RESULTS FOR SILVERMAN

Arden Silverman is a Former Lawyer who Resigned While Under Disciplinary Investigation by the State Bar

FROM THE CALIFORNIA STATE BAR WEBSITE

About Arden Silverman and Capital Asset Protection

Capital Asset Protection (CAP)

A California company whose primary focus is on commercial collections and judgment enforcement.

The owner, Arden B. Silverman, has over 35 years experience in the collection industry.

Matters are accepted from inception, at any point along the way or post-judgment.

We pursue collections in California, across the country and internationally.

Financial Arrangements

Fees are mostly on a contingency fee basis. Inquiries are welcome through a telephone conference or personal visit.

Capital Asset Protection, Inc. filed as an Articles of Incorporation in the State of California and is no longer active. This corporate entity was filed approximately nineteen years ago on Monday, April 14, 2003 as recorded in documents filed with California Secretary of State.

Howdy,

We read your recent press release found here.

LIT has a couple of questions pertaining to the new debt collector licensing database in California, as it pertains to those individuals or entities who claim to be “commercial” debt collectors only.

Does the term “consumer” apply to collection of debt and/or judgments from corporations or small businesses (e.g., dba)?

Can anyone who confirms they are a “debt collection agency” on a letterhead or email perform commercial debt collection services without any agency oversight, including; (i) registration, and/or; (ii) licensing and/or (iii) a surety bond?

In short, is debt collection in California completely unregulated?

The request in specific to a take-down request for one of our articles on LIT; https://lawsintexas.com/out-of-state-debt-collector-and-former-lawyer-who-resigned-facing-discipline-arrives-in-texas/

And where the complainant left a comment; https://lawsintexas.com/out-of-state-debt-collector-and-former-lawyer-who-resigned-facing-discipline-arrives-in-texas/#comments

“This story is false.

CA only requires licensing for collection of consumer debt which Silverman and his company do not engage in.

In the matter at hand no collection action was brought in Texas, only the attempted enforcement of a levy on the assets of a judgment debtor which was determined to exist in Texas.

Remove this misleading and slanderous post promptly or suit for damages will be brought.”

In this request, we are currently addressing his concerns as emphasized on the second line of his comment, which relate to your agency, DFPI. As such we have included the complainant in this email for transparency.

Y’all have a great day.

The entire premise of your inquiry and the wording of your question displays a complete lack of knowledge of this industry.

First there is no such thing as commercial collections per-se.

It’s either consumer debt or not.

The term debt as defined in Federal and most states is consumer debt.

Business to business receivables are not deemed debt collection.

You should have done your research before you published defamatory information.

This has already been turned over to counsel.

Take the post down today to minimize damages.

The next time I land in Texas is to sue you.

This communication is from a debt collector. Any information obtained may be used for that purpose.
Capital Asset Protection is not a law firm nor do we engage in providing legal advice or legal services.

Capital Asset Protection
A Debt Collection Agency
Arden Silverman
Owner
23679 Calabasas Rd. #677
Calabasas, CA 91302
ardensilverman@gmail.com
www.capcollect4u.com
Phone: (818) 404-9800

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Out of State Debt Collector and Former Lawyer Who Resigned While Facing Discipline Arrives in Texas
1 Comment

1 Comment

  1. Arden Silverman

    December 20, 2022 at 9:33 pm

    This story is false.
    CA only requires licensing for collection of consumer debt which Silverman and his company do not engage in.
    In the matter at hand no collection action was brought in Texas, only the attempted enforcement of a levy on the assets of a judgment debtor which was determined to exist in Texas.
    Remove this misleading and slanderous post promptly or suit for damages will be brought.

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