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Should You Sue Your Customer?

SHOULD YOU SUE YOUR CUSTOMER? What to consider before suing a business for unpaid invoices Is the company still operating? Does the company have any of the following? Tax Liens Secured Creditors YES NO or UNCERTAIN Does the owner have any of the following? Personal Liability Personal Guaranty Proprietorship Corporation not in good standing Judgments Bankruptcy Protection YES Guarantee NO NO or UNCERTAIN YES NO Will the company still be in business in 1 year? Year Does the owner have personal financial problems? YES Tax liens Foreclosure Properties worth less than mortgage Divorce or medical issues Are there legitimate disputes or possibility of counter claims? Bankruptcy Protection NO NO YES YES Estimate Impact on Potential Cost And Likelihood of Winning Can you locate the owner to serve legal paperwork? NO YES Does return on investment look good? Cost vs. Expected Value Expected Value = Max Net Return x Probability of Collecting YES NO Litigation is Appropriate Do Not Sue KG The Kaplan Group - Large Claim Collection Experts - www.kgaction.com © 2012

Should You Sue Your Customer?

shared by danwbarnett on Sep 28
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While emotions can run high when your client or customer has outstanding invoices that are months old, it's essential to be objective about the situation when deciding whether or not to pursue litigat...

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