Question
Please assist - 1.If the outstanding debt is greater than ____, always turn over to legal action when the debt becomes 60 days past due
Please assist -
1.If the outstanding debt is greater than ____, always turn over to legal action when the debt becomes 60 days past due (note that when secured by a lien, the date by which legal proceedings must be initiated before the lien expires, is set by statute).
2.If the outstanding debt is between ____ and ____, send to legal action of the debt is secured by a personal guarantee, a joint-check agreement or any other security.
3.If the outstanding debt is between ____ and ____, send to legal action if the debt is secured.
4.If the debit is ____ or below, write-off the debt and release the client.
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