Strategic Resolution: Securing $115,000 in a Breach of Promissory Note Dispute Despite Initial Insolvency
We worked this case in conjunction with another attorney. The case involved a breach of a promissory note that was quite old. Although the defendant was at the time the dispute arose insolvent, he later came into a large amount of money. We were able to pressure him to grant us a large recovery through the use of strategic reframing and also to advise him to take a particular offer by measuring the offer’s strength against the most likely outcome.
Challenges
- The case involved an old promissory note, requiring extensive work to overcome potential defenses such as statutes of limitation or waiver.
- At the time the dispute arose, the defendant was insolvent, posing a significant obstacle to recovery.
- Ensuring the defendant took the matter seriously once they came into a large sum of money, despite the age of the claim.
- Collaborating effectively with another attorney to maintain a cohesive strategy and achieve the best possible outcome.
Solution
- Utilized strategic reframing of the promissory note and breach to position the claim as legally compelling and enforceable despite its age.
- Applied measured legal pressure to maximize leverage, ensuring the defendant understood the strength of the case against them.
- Advised the defendant to accept a favorable offer by presenting a clear comparison of the offer’s value versus the likely outcome at trial, emphasizing the risks they faced.
- Coordinated seamlessly with co-counsel to maintain consistent and effective representation for the client.
The Result
- Secured a $115,000 recovery, a significant result given the age of the promissory note and the challenges presented by the defendant’s initial insolvency.
- Demonstrated the firm’s expertise in managing complex contract disputes and leveraging strategic negotiation tactics to maximize outcomes.
- Delivered justice for the client by holding the defendant accountable and ensuring fair compensation for the breach.
