Yet Another Promissory Note Question(s)

2 replies [Last post]
JoeyBags's picture
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Joined: 2011-08-16

When a firm hires an outside attorney to collect your outstanding note; How are they typically paid ?  Hourly / Flat Rate / Conting. based on collection ?Any insight would be appreciated.  Thanks   

FADavo's picture
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Joined: 2011-06-27

look up the firm, see what they do.That being said, collections is almost always a percentage.

ZwingDing's picture
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Joined: 2010-09-15

JoeyBags wrote:When a firm hires an outside attorney to collect your outstanding note; How are they typically paid ?  Hourly / Flat Rate / Conting. based on collection ?Any insight would be appreciated.  Thanks  What is the relevance of that issue? I know a firm that chases down FA's that gets paid in live chickens.

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