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S

Savona

Guest
Can a business send an outstanding bill to collections when payments made are less than the minimum they say they require?
 


I AM ALWAYS LIABLE

Senior Member
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by Savona:
Can a business send an outstanding bill to collections when payments made are less than the minimum they say they require?<HR></BLOCKQUOTE>

My response:

Yes. And, as a matter of fact, some businesses regularly sell their accounts receivable to collection agencies. Businesses who are "cash-strapped" do this so that they can get, at least, some of their money now, and let someone else, who may be better equipped, collect the total funds.

IAAL

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[This message has been edited by I AM ALWAYS LIABLE (edited April 24, 2000).]
 

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