Minneapolis Business Litigation Attorney Michael Glover gives advice to clients with collection problems.
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The most fruitful way to spend time if you are a collection attorney giving advice to a company and collections is your best time is used before you have a creditor arrangement with that particular client. And what I mean by that is you need to get the most information you can upfront when that client still needs you and is still trying to get your services, and you are still thinking about giving them credit.
And what I mean by that is you get names, you get references, you get bank account information all upfront so that in the end when it becomes a collection problem, you already have that information to try and collect the money that is owed to you. On the backend when somebody owes you or a company owes you money, they are far less inclined to help you collect it. They are very inclined to provide that information when they want the credit at the outset.