This is a rebroadcast of a session that was recorded in March 2017.
When you register for this session, you will also receive a complimentary Toolkit that expands upon and explains the topics discussed in the webinar. Materials include form templates, government contact information, and much more!
Winning your case doesn’t mean much if you’re not going to get paid. Debtors and their lawyers have more options than ever for hiding assets from their creditors, frustrating collection efforts. Creditors need to know how and where debtors can stash money and property, and then how best to seize it once they locate it.
In just 90 minutes, you will learn the most-used ways debtors have to try to keep you from collecting against them; and the best strategies for overcoming those attempts. From potential sources of information to legal means of compelling friends, employers, and even attorneys to turn over property and information, this seminar is invaluable for anyone who is owed money.
This session is a cost-effective way to avoid writing down (or writing off) debt while avoiding expensive legal fees incurred on fruitless court proceedings, and to ensure that your company gets paid before other creditors have a chance to get involved. With the information you gained, you’ll be able to reduce the number of nonperforming assets on your books and increase your net revenues.
You’ll also find that the money you have to spend to collect becomes more productive: using the information provided here, you’ll not only be able to perform many research and collection tasks in-house, saving legal fees, but you will also be able to more effectively guide your legal team and determine whether their efforts are the best methods to use, or if you’re throwing good money after bad.
In this session we will discuss the following topics:
n How to freeze assets before filing suit.
n Legal procedures to compel spouses, employers, and attorneys to answer questions or turn over property.
n Inexpensive and quick ways to locate even the hardest-to-find assets – without even needing an attorney or investigator.
n Beating other creditors to the assets.
n Avoiding forcing your debtors into bankruptcy or other costly defensive matters.
n Turning unsecured debts into secured debts after the fact.
n Avoid legal violations that can result in costly counterclaims or result in losing the right to collect.
Who Should Attend
This informative session is a must-attend for anyone who works in collections or accounts receivable, including independent or in-house collection or litigation counsel, loan officers, financial officers and office managers.
What You’ll Get From This Webinar:
n A working knowledge of basic collection procedures to use before, during, and after litigation.
n An explanation of the different kinds of property and assets, including:
o Exempt vs nonexempt property
o Secured and unsecured
o Types of liens and the plusses and minuses of each
o Marital vs. individual property.
n Unique strategies to use to make sure your debts are paid to the fullest extent possible, including:
o Marshalling of assets
o Order of sale
o The “Windfall” defense.
n A well-researched downloadable set of materials that will expand on and explain further the topics discussed in the seminar, and includes examples of forms used and contact information for government agencies and other sources of information.
Bottom Line: Learn how to collect more while you spend less!