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DEBT COLLECTING Q & A
– Issue 12
By Jim Finucan
© Tiare Publications Group
Dear Jim:
An information technology firm owes me almost $40 thousand
for
consultant work I did for them. Now they have changed the
name of
their firm and had a lawyer send me a letter that claims
their bank
has seized their assets. I know this is not true. They are
still at
the same location and employ the same people. They just
answer the
phone with a different name when I call. I don't know what
to do. I
always thought they were a reputable firm.
Mark S., WI
Dear Mark:
This is an old tactic. The letter you got from their lawyer
is
inferring that they've filed for bankruptcy when it hasn't.
The bank
hasn't seized their assets. The attorney is lying. Check
with their
bank and if the situation is as we suspect file a complaint
with your
state bar association for the lawyer's unethical practices.
Talk to
the attorney about how unethical it is to attempt to hide
the assets
of his client so they can stick people. You might also want
to imply
that the next time the company pulls a name change maybe it
will be
the lawyer's turn not to get paid! Keep making calls to the
company
CEO and controller and confront them about their ethics. Ask
them
their opinion of the Enron scandal. Talk about filing a
lawsuit. Look
for an attorney who will work for a percentage of the amount
you
collect. These people are taking you for a bad and painful
ride and
if I were you I wouldn't waste a second in going after them
at full
steam.
(End)
Jim Finucan has been a top gun collections agent for over 13
year.
You can use his professional techniques and telephone
tactics to
actually turn debtor excuses to work in your favor, to
actually
double your debt collections. The answers are in "Past
Due – A Bill
Collecting Manual." More information at:
http://www.tiare.com/pastdue.htm.
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