From experience in the dotcom world I can tell you this, its a hard balance to fight. The more you push and threaten the lower on the pile of bills you will go.
If this company is going to file for Chapter 11 they have no incentive to pay you at all. In fact, I remember watching management purposefully pushing the more aggressive debtors to the bottom of the list knowing full well they would never get paid. Best strategy from my perspective is to offer them a better deal. Take say $15k and write it off to a bad debt. They are much more likely to respond to a nice guy offer of 'I know things are tough, lets make a deal' then 'I will get my lawyer to yell at you at which point you will ignore me until you go out of business'. Debt collection is nasty when the players are not solvent. John- On Wednesday, November 21, 2001, at 03:21 PM, Robert Landrum wrote: >> > > Contact a lawyer. Then tell the client that you have contacted a > lawyer. Put this in writing and sign it. Be specific and let them > know what it is exactly that you want, and that if they do not comply, > you'll be forced to enlist the service of a lawyer and file suit. > > Most of the time, this will be enough to get them to pay... Nobody > want's a legal battle, least of all a small business. > > If they fail to pay, you have two options. Bite the bullet and move on > or sue them. > > I am not a lawyer, but this is the process that my friend went through > when he did about $20,000 worth of work for a client that was more than > 180 days delinquent. After court costs and lawyer fees, etc., he > walked away with > $8,000. > > Not great, but better than nothing. > > Rob > > > -- > "Only two things are infinite: The universe, and human stupidity. And > I'm not > sure about the former." --Albert Einstein
