MIDLAND FUNDING LLC DEBT DISMISSED
Midland Funding, LLC is one of the largest debt-buying companies in the
country and are a subsidiary of Midland Credit Management (MCM). They
often collect on debt that they have obtained for pennies on the dollar
from original creditors such as Citibank. Once collection ceases they
then proceed to sue consumers and often obtain default judgments against
them due to improper service of the summons and complaint. These judgments
allow Midland to levy bank accounts, garnish wages and even place liens
on consumer’s properties. Judgment creditors frequently let interest
accrue on these debts for years at the New York judgment interest rate
of 9% which can double or even triple the original debt amount that they
were attempting to enforce on.
Our client learned that he had a default judgment placed against him in
the year 2000 when he received a wage garnishment notice through his job
from Selip & Stylianou, a common debt collection law firm in New York,
formerly known as Cohen & Slamowitz. The original judgment amount
was around $5,000 but had grown to over $17,000 because of the interest
and fees that had accrued over 18 years. Our client had no notice about
the initial lawsuit or judgment placed against him as he was living in
London from the year 2000 through 2011. We immediately drafted an Order
to Show Cause to vacate the judgment against him and dismiss the matter
in its entirety based on a complete and utter lack of jurisdiction against
our client. We included multiple forms of proof that our client did not
even reside in this country when this judgment was obtained. Selip &
Stylianou contacted us before the assigned court date to notify us that
Midland Funding agreed to voluntarily vacate the judgment and dismiss
the matter against our client, likely to avoid a definite loss and further
embarrassment in court.