Are you being sued by Midland Funding LLC? Being sued by Midland Funding is usually quite a shock to most of our clients. And it is one of the leading reasons why people file for bankruptcy with our firm.
Midland Funding is a company based out of San Diego, California and is one of the largest buyers of unpaid or “charged off” debt in the nation. A debt is charged off when a payment has not been made for more than 180 days. Midland Funding purchases the “charged off” debt then proceeds to obtain judgements. Once Midland Funding obtains a judgement, it will garnish wages, levy bank accounts, and places judgement liens upon property.
If you do some research on the internet you will see that there are a number of law firms who say that you should fight and defend your lawsuit against Midland Funding. That is good advice but in most cases the better advice is to file for bankruptcy.
Check out our “Frequently Asked Questions” page for answers to the most common bankruptcy questions.
WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR RELIEF UNDER THE BANKRUPTCY CODE.
Why is it better to file for bankruptcy? Of all the bankruptcies we’ve filed over the years, we have never come across a single client whose only outstanding debt was to Midland Funding. Usually, people who are being sued by Midland Funding have a number of delinquent accounts with many different credit card companies. It is also very common that they have more than one lawsuit pending against them.
Bankruptcy is the only way to put an end to all the lawsuits and to all the delinquent accounts. If you choose to defend the lawsuit, it is likely that you will have to defend more in the future as other “charged off” debts are purchased by companies like Midland Funding. Bankruptcy puts an end to the lawsuit and all future lawsuits stemming from past debt.
However, the worst thing to do is to do nothing at all. If you are being sued by Midland Funding LLC talk to a Los Angeles bankruptcy lawyer to learn your options. Call our bankruptcy attorneys at (818) 305-6200 to schedule a free consultation.
