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  • Will You Add? - Getting Paid! Determining the Debtor's Financial Status

    Can Your Freight Bills be Factored?
    The trucking industry is growing by leaps and bounds. It is a well-known fact that the industry will grow consistently for the next decade. Basically, trucking companies are delivering truck loads of freight every day and are growing quickly and profitably. They are an engine t
    Cash
    Money Order
    Credit Card
    Debit Card
    Western Union
    Money Gram
    Allotment
    Direct Deposit (ACH)
    Deferment / Extension
    Due Date Change
    Check By Phone

    Getting the Payment NOW
    What is your contact schedule with the debtor?
    • When do they have the time in their day to talk

    Do This And You Will Succeed
    During the past 10 years I have had the good fortune to coach a number of good clients. About 17 percent of the individuals who have entrusted themselves to me have been Chief Executives or Main Board Directors of corporations with turnovers counted in the hundreds of millions.
    What are the debtor’s assets?

    How can I determine what the debtor owns? First, you must determine what are the assets of the debtor. This basically means- If the debtor does not have cash, what do they own and could be sold to make up the amount that the debtor owes on their debt?

    Below is a check list for conducting an asset search.

    Historical Financial Standing
    __ Up & Down __ Steady __ Tragedy

    Current Financial Standing
    __ Job Status __ IFM Job Status __ Windfalls __ Home Status

    Future Financial Standing
    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
    Deeds of Trusts
    Tax Liens
    Judgments
    401ks
    Lawsuits
    UCC Filings
    Partnerships
    Inventory
    Owned Equipment
    Royalties
    Contracts
    Accounts Receivable
    Till Tap
    Bank Accounts
    Wages
    Other Income
    Stocks
    Bonds
    Wearing Apparel
    Animals
    Books
    Household Goods
    Musical Instruments
    Crops
    Appliances
    Tools
    Promissory Notes
    Patents

    Getting the Financial Answers
    • Payment schedule
    • Who makes the payments?
    • Why?

    Getting Good Money
    Money sources
    Cash
    Money Order
    Credit Card
    Debit Card
    Western Union
    Money Gram
    Allotment
    Direct Deposit (ACH)
    Deferment / Extension
    Due Date Change
    Check By Phone

    Getting the Payment NOW
    What is your contact schedule with the debtor?
    • When do they have the time in their day to talk t

    How to Manage Employee Retention
    Make-You-Happy Action Teams (MAT) plays a critical role in managing employee retention. This is Z-Theory management. To briefly sate, Z-Theory management means everyone that is effected by a decision for the company gets a “say” or a “vote” in the decision (tons more on Z-Theor
    ch.

    Historical Financial Standing
    __ Up & Down __ Steady __ Tragedy

    Current Financial Standing
    __ Job Status __ IFM Job Status __ Windfalls __ Home Status

    Future Financial Standing
    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
    Deeds of Trusts
    Tax Liens
    Judgments
    401ks
    Lawsuits
    UCC Filings
    Partnerships
    Inventory
    Owned Equipment
    Royalties
    Contracts
    Accounts Receivable
    Till Tap
    Bank Accounts
    Wages
    Other Income
    Stocks
    Bonds
    Wearing Apparel
    Animals
    Books
    Household Goods
    Musical Instruments
    Crops
    Appliances
    Tools
    Promissory Notes
    Patents

    Getting the Financial Answers
    • Payment schedule
    • Who makes the payments?
    • Why?

    Getting Good Money
    Money sources
    Cash
    Money Order
    Credit Card
    Debit Card
    Western Union
    Money Gram
    Allotment
    Direct Deposit (ACH)
    Deferment / Extension
    Due Date Change
    Check By Phone

    Getting the Payment NOW
    What is your contact schedule with the debtor?
    • When do they have the time in their day to talk

    Medical Billing - Advanced Report Generation
    Previously, we talked about how most DME medical billing software programs have report generation capabilities and discussed the basics of how data is pulled in these programs. In this installment we're going to discuss some advanced medical billing report concepts. If you th
    assets are available to the debtor?
    Motor Vehicles
    Boats / Watercraft Planes
    Deeds of Trusts
    Tax Liens
    Judgments
    401ks
    Lawsuits
    UCC Filings
    Partnerships
    Inventory
    Owned Equipment
    Royalties
    Contracts
    Accounts Receivable
    Till Tap
    Bank Accounts
    Wages
    Other Income
    Stocks
    Bonds
    Wearing Apparel
    Animals
    Books
    Household Goods
    Musical Instruments
    Crops
    Appliances
    Tools
    Promissory Notes
    Patents

    Getting the Financial Answers
    • Payment schedule
    • Who makes the payments?
    • Why?

    Getting Good Money
    Money sources
    Cash
    Money Order
    Credit Card
    Debit Card
    Western Union
    Money Gram
    Allotment
    Direct Deposit (ACH)
    Deferment / Extension
    Due Date Change
    Check By Phone

    Getting the Payment NOW
    What is your contact schedule with the debtor?
    • When do they have the time in their day to talk

    Printing Services
    China was where printing methods were developed, as early as the 6th century CE. During that period, block printing methods were in use to produce cloth as well as manuscripts, wall hangings, and tapestries.The oldest surviving printed book, a Buddhist scripture, dates t
    Income
    Stocks
    Bonds
    Wearing Apparel
    Animals
    Books
    Household Goods
    Musical Instruments
    Crops
    Appliances
    Tools
    Promissory Notes
    Patents

    Getting the Financial Answers
    • Payment schedule
    • Who makes the payments?
    • Why?

    Getting Good Money
    Money sources
    Cash
    Money Order
    Credit Card
    Debit Card
    Western Union
    Money Gram
    Allotment
    Direct Deposit (ACH)
    Deferment / Extension
    Due Date Change
    Check By Phone

    Getting the Payment NOW
    What is your contact schedule with the debtor?
    • When do they have the time in their day to talk

    The Business of Better Communication
    Are you in a world of talk or a world of hurt or frustration? Either you’re in the business of better communication or you’re not in business at all, y’all. For example, what do you feel is the missing key to unlock a closed or locked door of communication? And, how could you i
    Cash
    Money Order
    Credit Card
    Debit Card
    Western Union
    Money Gram
    Allotment
    Direct Deposit (ACH)
    Deferment / Extension
    Due Date Change
    Check By Phone

    Getting the Payment NOW
    What is your contact schedule with the debtor?
    • When do they have the time in their day to talk to you?
    • Remove the distractions
    • Schedule the next contact time

    What is keeping the debtor from making the payment, RIGHT NOW?
    • Make time in your schedule
    • Remove excuses
    • Ask!

    Future Payments
    See beyond the end of the month Setup 2 payments at time Leave messages with EXACT contact information.

    Please keep in mind that different states have different laws. Please check with your legal concel for direction.

    As Always. Happy Hunting.

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