About The Case
Stibbs & Co. attorneys successfully negotiated a payment plan with a vendor’s factor without the need for litigation. The factor had purchased accounts receivable of the client’s vendor and demanded immediate payment from the client of the full balance due. Stibbs & Co. attorneys were able to successfully negotiate with the factor’s counsel to reach a reasonable payment plan on behalf of the client while protecting the client from any adverse claims of the vendor or other creditors of the vendor.