There are a dozen or more
debt collection law firms that exist in the New York area but we are starting to see Stephen
Einstein and Associates emerging as one of the largest with a very high
volume of high cases. Stephen Einstein acquired the former debt collection
law firm of Mel S. Harris and Associates as well as their large case load
of debtbuyer cases. This is the likely the result of the much larger practice.
Stephen Einstein sues mostly consumers on
credit card debt and debt buyer matters although we have seen them represent businesses
in some business debt matters as well. They usually sue consumers and
are often able to obtain default judgements either because the consumer
was not served properly or because they just did not know what to do.
Since they win most of these cases on default without having to litigate
the cases on the merits they are then able to move forward and try to
enforce these judgments by levying consumer's bank accounts or finding
their jobs to garnish their wages. This usually results in them adding
on judgment interest as well as fees on top of the debt. We often see
them represent debt buyer clients such as Pinpoint Technologies, Midland
Funding, and even some surviving LR Credit cases that they acquired from
Mel S. Harris. We are frequently able to vacate default judgments against
consumers in these matters by filing an order to show cause in New York.
Stephen Einstein will even agree to voluntarily vacate judgments most
often when they see that we are retained on the case. They will also actively
engage us in settlement conversations that usually end in very
favorable settlements for our clients.