Addressing and Handling Unique Collection Situations
Gain an understanding of unique collection situations and what can be done to manage them.
This topic will discuss how a collection law firm addresses and handles unique collection situations. The discussion will include client review and response to the unique collection situation. The material will also review how to use promissory notes and guarantees and discuss what to do if the debtor is out of state. The speaker will help identify possible situations before suit and how to deal with the client with these unique situations. When litigation is pursued, creditors and their collection partners should always be aware of the risk of counterclaims, which can include breach of contract, fraud, and consumer-protection claims.
• You will be able to review working with checks, notes, and guarantees.
• You will be able to recognize fraud issues.
• You will be able to identify what needs to be done if you’ve had a bad check.
• You will be able to describe examples of unique collection situations.