March 20, 2018 5:19 PM ET

Commercial Services and Supplies

Company Overview of Midland Funding LLC

Company Overview

Midland Funding LLC provides debt collection services. The company was incorporated in 2005 and is based in San Diego, California. Midland Funding LLC operates as a subsidiary of Midland Portfolio Services, Inc.

8875 Aero Drive

Suite 200

San Diego, CA 92123

United States

Founded in 2005





Key Executives for Midland Funding LLC

Midland Funding LLC does not have any Key Executives recorded.

Midland Funding LLC Key Developments

Midland Funding Prevails in U.S. Supreme Court Decision in a Lawsuit with Johnson

Encore Capital Group Inc. announced that its subsidiary Midland Funding prevailed in the case Midland Funding, LLC v. Johnson, which was before the Supreme Court of the United States. The high court reversed the U.S. Court of Appeals for the Eleventh Circuit, holding that the filing of an accurate proof of claim on an unextinguished time-barred debt does not violate the Fair Debt Collection Practices Act (FDCPA). In the majority opinion, the court concluded that Midland's filing of an accurate proof of claim on an unextinguished time-barred debt was not false, deceptive or misleading because under state law, the expiration of the statute of limitations did not extinguish the debt. It also found that the filing was not improper. The court noted that, in bankruptcy, the debtor has many additional protections against time-barred debts and added that the statute of limitations provides an affirmative defense that the trustee, not the creditor, has the responsibility to raise. The court further reasoned that applying the FDCPA in this case would upset the balance Congress struck in adopting the Bankruptcy Code.

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Recent Private Companies Transactions

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