In this case, Midland Funding LLC hired Selip & Stylianou, LLP to bring a lawsuit to collect on a debt that was purchased from an assignee of the original creditor. The claim amount was in excess of $3,150. Upon receiving notice of the Summons and Complaint, the client contacted our office, and after a brief consultation, retained our attorneys for assistance in resolving the lawsuit.
As part of our defense strategy, we drafted a comprehensive Answer, which included various Affirmative Defenses, as well as counterclaims. The defenses brought question to the validity of the debt and Midland Funding’s right to collect on it, and cast other doubts as to the merits of Midland Funding’s claim.
After obtaining additional information about the case, we engaged in several rounds of negotiations with the lawyers at Selip & Stylianou, LLP. Ultimately, Midland Funding agreed to accept $500.00 as settlement-in-full, relieving my client of any further obligation on the debt, and resulting in a mutual release of claims. Consequently, the matter was discontinued with prejudice.
By retaining the assistance of the attorneys at the Law Office of Simon Goldenberg PLLC, our client:
- Saved over 80% off the outstanding balance
- Avoided potential entry of judgment
- Avoided potential wage garnishment and bank levy
- Eliminated the accrual of future interest and/or fees
For more information about our experience with this firm, visit our page dedicated to Selip & Stylianou.
If have you have an open judgement or lawsuit from a debt buyer such as Midland Funding, or with debt collection lawyers like Selip & Stylianou, having an experienced debt relief lawyer by your side can make a big difference in how your matter is resolved.
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Disclaimer: Prior results are not indicative of future performance. The results in this blog are not typical and will vary on a case by case basis. Contact us for a free case evaluation today.