The owner of a collections agency that was shut down in 2015 and forced to write off more than $3 million in debt by Georgia's consumer protection agency is now the subject of a collection action himself after failing to pay nearly a half-million dollars in fines.

A petition to enforce judgment filed Monday by the office of Attorney General Chris Carr said Earnest Earvin IV, owner of the now-defunct Zenith Financial Group, agreed to pay $460,000 as part of a compliance agreement with what was then the Governor's Office of Consumer Protection.

The agreement stipulated that Earvin would make 36 monthly payments of $416.66 and a final payment of $445,000. He also agreed to stay out of the debt-collecting business for five years. Under the terms of the agreement, the final payment of $445,000 would be waived if Earvin lived up to the rest of agreement.