PR - Resurgence Financial Sells Minority Stake, Names New CEO

Resurgence Financial, LLC, a leading purchaser and collector of defaulted consumer credit card receivables, announces the sale of a minority stake in the company to two of its senior executives, Todd Lansky, COO, and Stephen Lubelfeld, CFO.

Resurgence has also named Dr. David Schimel as its Chief Executive Officer. Dr. Schimel has been an equity investor in Resurgence since 2005. He brings a sophisticated level of analytical expertise which will significantly improve portfolio pricing and performance models.

As Managing Members, Lansky and Lubelfeld maintain responsibility for guiding the company’s strategic initiatives, generating growth and enhancing operational practices.

“We continue to be excited about the landscape of the debt purchasing industry and look forward to expanding portfolio acquisitions and our servicing capabilities” said Stephen Lubelfeld.

“Resurgence plans to strengthen its presence in our core markets of Illinois, Wisconsin and California, as well as strategically expand our footprint across the country,” stated Todd Lansky.  “We believe we have a viable and robust business plan that will enable continued growth and success.”