Start chasing slow payers and collect their account payments as soon as you can – while YOU are the still the Good Guy.
This story explains why far better than I ever could …
THE DAY THE COMPLAINT IS SERVED ON THE CLIENT “Boy. Am I in big trouble. I never should’ve sold those pulleys without checking.”
NEXT DAY “I forgot that I’d cancelled my products liability insurance.”
2 DAYS LATER ON FIRST MEETING WITH LAWYER “If I lose this case – I’m bankrupt.”
AFTER 8 DAYS OF DEPOSITION OF ADVERSE PARTY “I don’t know how you learned so much about pulleys and jet aeroplane hydraulic mechanisms. You really must’ve studied hard.”
AT TRIAL “Do you really think that you can keep the copy of the contract from being introduced by using the “Best Evidence Rule?”
AFTER MOTION SUSTAINED AND MOTION FOR DIRECTED VERDICT TAKEN UNDER SUBMISSION “You’ve got them running scared. Try to settle.”
AFTER SETTLEMENT IN HALL “You did it. You did it. I can’t believe you did it. I’m getting a Bank Cheque right now to pay the settlement before they change their mind.”
DAY OF SETTLEMENT “He’s a fantastic lawyer. No other lawyer could’ve done what he did. I owe him my business – my career – my everything.”
10 DAYS LATER “He’s a great lawyer and did a great job, but the law and the facts were on my side.”
3 WEEKS LATER “He’s a pretty good lawyer but the judge and the jury were on my side.”
4 WEEKS LATER He did his job but there’s no way I could’ve lost.”
6 WEEKS LATER “The case was cut and dried. I could’ve argued it without a lawyer and won easily.”
8 WEEKS LATER “I never needed a lawyer to begin with. He made a big deal out of a simple matter just to build up his fee.”
10 WEEKS LATER “He’s crazy if he thinks I’m going to pay his bill.”
12 WEEKS LATER “That shyster S.O.B. sued me for payment. I’m filing a complaint against him with the Bar Association and I’ll cross-complain for malpractice.”
So … the answer to “When should I collect account payments?” is, quite simply,
Leave A Comment