A charter school in Arizona in operation since 1984 suffering from decreased student enrollment, competition, and significant decrease of funds from governmental contributions assigned one lawsuit claim to American Finasco. The claim was for breach of contract for delinquent loan payments for computer equipment in the amount of $217,000.00, and personally guaranteed by the client.
Settlement was successfully negotiated for a total cost to our client of 57%. American Finasco also obtained a 42-month payout to the creditor with payments less than the original loan. Client was able to keep all of the computer equipment with minimal attorney fees being charged.