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Thread: recovering small debt

  1. #11
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    Yes you are right and I cannot argue with your facts. However and this happened to a friend that did work for the mining industry. He was contracted to build a small office building. This building was approved by the people who contacted him. But those people never had approval from upper management thanks to some kind of miscommunication. Anyway he ended up building the building but never got paid. He then went to court and the case became nothing short of a sick joke. In short he ended up losing the building also he had legal fees. It nearly crippled him. He never got any more work from that mine. So he not only lost the building the money and had to pay legal fees he also was taken of the vendor list. It was in all a triple loss... So like you said get your ducks in a row and make sure that the right people are signing the papers! Then yes take them to court and make an example out of them but make damn sure it is not you that end up being the example.

  2. #12
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    Quote Originally Posted by Sieg View Post
    [I can see Dave nodding his head in agreement . . . ]
    Damn right, Sieg. Although even this is not entirely fool proof. When sales collapse there is this tendency among some firms to just close the file without letting the creditors know despite the cession.

    For anyone else reading this and for the record, this is not a problem I've ever had with Sieg (for which I am most grateful)
    Quote Originally Posted by insulin View Post
    make damn sure it is not you that end up being the example.
    Wise words, that.

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