The Paper Trail

When To Take Legal Actions On Borrowers


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When someone borrows money from you for business purposes, expecting it to be paid is normal. However, in some circumstances, the borrower may have some issues paying it back on time, and this is when legal measures come in. Chris and Gail talk about when to go to legal and getting the process rolling when a borrower fails to make payments. They share experiences of having to hunt down borrowers to get them to pay. The legal process requires an attorney and choosing the right one is always necessary. Chris speaks on what you as the lender can do in terms of proposing settlements and accepting payments even with an ongoing legal process.


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The Paper TrailBy Chris Seveney

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