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Expert: - 6/11/2008


Question
Christine -
I started a commercial appraisal business on 6/1/2004, a one-woman shop, and to get me off the ground, a few colleagues helped me with subcontracting jobs. Two of these jobs haven't paid yet. Unfortunately, both were verbal contracts. The clock is ticking at warp speed and I need to do something about these accounts. One business owner owes me $1,750 and the other owes $7,000. I attempted to call/contact the first guy within the first 6 months or so with no response. I had sporadic conversations with the second guy over the past couple years but no money forthcoming. I've really procrastinated on this - my very big bad - but my window is closing so - help! I think Pennsylvania law starts the clock when the service was completed, so I have a week or two on the former and maybe a month on the other.

Thanks! for your help.

JBC  

Answer
Jenise:
Thank you for your question. You are correct about the statute of limitations in your state. If you are really pressed for time, I would turn this over to a licensed/bonded collection agency or collection attorney to gain some recovery. This may mean a commission needs to be paid if they can collect, but it is worthy of the task. You may find an attorney in your state by visiting www.findlaw.com
Good luck.

Respectfully,
Christine Janklow

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Christine Janklow

Expertise

As President of SettleSource,Inc. a business debt settlement firm, I invite you to inquire about all aspects of business debt solutions to best determine which may be most appropriate. If you have questions such as: What is debt settlement and how process provide debt relief to my business? What options are available to deal with my business debts? Is it possible for a business owner to negotiate their own settlements? Why is debt settlement preferable to filing a bankruptcy or debt consolidation? Why are creditors willing to provide settlements to a business? How will settling debts affect credit scores? or How to rebuild a business after debt is eliminated. Please ask it now! For more information regarding how debt settlement can help your business, please visit www.SettleSource.com and place your inquiry. Mention All Experts to have a confidential no cost consultation with Christine. If this is your business situation time may play a very important factor in getting matters resolved proactively before they have negative affects on the business.

Experience

My expertise is specific to providing business solutions that will have profound positive impacts on the financial health of businesses. I have 25 years experience as an entrepreneur and have developed national sales programs; strategic alliances; product development; marketing programs; business and turnaround plans and debt settlement programs all providing methods to improve the financial outlook for large and small businesses. In the area of commercial debt settlement I have over 10 years experience working with large and medium corporations and closely held businesses to enable successful debt reduction and turnaround. I am a professional debt arbitrator and have negotiated with major banking institutions as well as vendors, suppliers and other trade creditors.

Organizations
Provisors;Turnaround Management Association; Los Angeles area

Publications
Accounting Today; Web CPA; National Restauarant Association;Los Angeles Daily News; Today Magazine Monthly series of business articles entitled "Brand News."

Education/Credentials
Bachelor of Business Administration; Associate of Arts Merchandising

Past/Present Clients
American Airlines, American Express, Safeway Inc., New York Life, consumer products manufacturers; retailers, food service industry and other small businesses and service providers.

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