Sporting Goods Stores Near Greenville Nc latest 2023

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Getting Paid! Determining the Debtor’s Financial Status

What are the debtor’s assets?

How can I determine what the debtor owns? First, you need to determine what the debtor’s assets are. This basically means that if the debtor has no money, what does he own that could be sold to offset the amount the debtor owes on his debt?

Below is a checklist for conducting an asset search.

Historical financial situation

__ Rise and fall __ Stable __ Tragedy

Current financial situation

__ Employment Status __ IFM Employment Status __ Deals __ House Status

Future financial situation

Tax Refund Job Bonus Commission Check Settlement

Big Sale Family Health Moving Birth Death

What assets are available to the debtor?

Motor vehicles

Boats / Watercraft Planes

Trust deeds

Tax privileges

Judgments

401ks

Prosecutions

UCC Deposits

Partnerships

Inventory

Equipment owned

Royalty fee

Contracts

Accounts Receivable

To the faucet

Bank accounts

Salaries

Other income

Shares

Obligations

Wear clothes

Animals

Books

Household items

Musical instruments

Harvests

Appliances

Tools

promissory notes

Patents

Get the financial answers

o Payment schedule

o Who makes the payments?

o Why?

Earn money

Sources of money

Cash

Money order

Credit card

Debit card

Western Union

silver gram

Award

Direct Deposit (ACH)

Postponement / Extension

Changing the due date

Check by phone

Get paid NOW

What is your contact schedule with the debtor?

o When do they have time in their day to talk to you?

o Remove distractions

o Schedule the next contact time

What prevents the debtor from making payment NOW?

o Build time into your schedule

o Delete excuses

o Ask!

Future payments

See beyond month end Set up 2 on time payments Leave messages with EXACT contact details.

Please keep in mind that different states have different laws. Please check with your legal counsel for instructions.

Like always. Good hunt.

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