An Aluminum Extrusion company in Texas assigned one lawsuit claim of $228,483.46, for delinquent employee staffing fees for its manufacturing plant. The client was in default with his Asset Based Lender and this lawsuit was a major factor in the default.
A settlement was negotiated for $95,000. American Finasco not only saved the client $108,483.46 but the Asset Based Lender released the default on his loan. The client gives American Finasco credit for saving him thousands of dollars, preventing a judgment being filed, and stopping the Asset Based Lender’s foreclosure proceedings.