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Debt Collecting Q & A - Company's Name Change
by Jim Finucan
Published on this site: April 26th, 2006 - See
more articles from this month
Question: 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
Answer: 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.
Jim Finucan has been a top gun collections agent for fifteen
years. You can use his professional techniques and telephone
tactics to actually turn debtor excuses around and make them
work in your favor. The answers are in "Past Due - A
Bill Collecting Manual." More information at: http://www.tiare.com/pastdue.htm
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