Sometimes a customer just “disappears” owing a supplier money.
Company Y had this very problem. Collection “efforts” by a collection agency had reached a dead end. The collection agency called us.
We found that although the deadbeat owned no real estate, he was an officer in a corporation. To collect bad debt, we sued to reach and apply the deadbeat’s interest in the corporation. We obtained an Injunction preventing the corporation from paying any money to the deadbeat until our client was paid.
Because of our efforts, the deadbeat came to the table.
Within 60 days, our client was paid. The collection agency gave up. We didn’t.
We collect bad debt.