DEBT COLLECTION Nothing is more frustrating than to work hard for the success of your business only to have bad debts keep you from realizing the full potential of your hard work and plans. If you are a large enough company, you may have a special collection department that will attempt to solve this problem, but if you are a small company the same people who generated the accounts receivable are also responsible for making sure that the funds are ultimately deposited in the bank. Unfortunately this places the chief executive in the unenviable position of being a collector instead of doing the constructive and creative things that generated the business in the beginning. If he/she does not take the time to be a collector - the business will suffer cash flow problems, but if he/she devote their time to being a collector, the sales and creative parts of the business suffer from lack of attention. If this sounds like you and your company then a collection plan through competent legal counsel needs to be established . Your attention is particularly directed to the self help and F.A.Q. portions of this page.

  HOME