bad debt

Attorney Alan M. Cohen Collected Bad Debt — 106K

Your customer owes you bad debt, big bucks bad debt, but when you call for payment, he stalls, crawls or simply ignores you. Classic signs of the dreaded disease of “deadbeatitis.” When your customer finally meets with you, he claims that he will pay you in full out of the proceeds of a sale. Don’t … Continue reading Attorney Alan M. Cohen Collected Bad Debt — 106K

Attorney Alan M. Cohen Collected 300K in Old Debt Within 20 Days

An old customer has been stringing you along with promise after broken promise. The customer buys new materials from you on a COD basis. The old receivable hit the back burner. After more than five years of occasional COD purchases, the customer starts buying from your competitors and refuses to pay. Don’t give up on … Continue reading Attorney Alan M. Cohen Collected 300K in Old Debt Within 20 Days

Bad Debt Collected Within Weeks

A local electrical contractor, who had always paid you suddenly develops a 6,000 volt financial short circuit. Company “A,” after receiving an earlier edition of our Newsletter, calls us for its bad debt collection. Upon investigation, we learned that the debtor had recently transferred his property into a trust. This is a trick often used … Continue reading Bad Debt Collected Within Weeks