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----- Original Message -----
From: Jim Quaife
To: UK Tree Care
Sent: Friday, January 20, 2012 3:17 AM
Subject: Late payers
I mentioned an Act that we cite in our "chaser" letters, et voila -
"... and would advise you that we will be claiming for interest on the
outstanding debt under section 69 of the County Courts Act 1984 from the date
of issue of our invoice ..."
SC Late payers are rather less a problem than un-payers. "Well go ahead,
sue me." If you consider the cost of attorneys and put any value on your
time you would wind up loosing money even if you win a judgment. And court
judgments - especially "small claims" - don't come with enforcement by the
courts. We don't have debtors prisions anymore.
SC For those types the threat of a few percent interest is laughable
because they're not going to pay the principal.
SC I had a very respectable attorney tell me once that he could never craft
a contract good enough to protect you from bad people and sometimes in
business you can't predict who they will be.
SC I know two senior consultants who listen to discussions like this and
ask "what's an invoice?" And smile. They work only on upfront retainer that
is replenished before there is any unreimbursed time. I haven't worked up
the confidence, nerve, backlog of work or whatever it would take to adopt
that practice.
SC I know another consultant who when still doing contracting "let" the
late-payer barter down the outstanding invoice by being a disposal site. The
5:30 AM visit was to place a 2,000 pound log in the driveway as the first of
20 installments...
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