Quote:
Originally Posted by Jims5543
Yup, what we do does not matter, until there is a problem then suddenly it matters. We just a provide a piece of paper that the bank or building department says they need to move forward.
In 2003 I quit from a builder that would take 4-5 months to pay his bills and always ran a 25-30K balance.
There was a point where it was hitting over 6 months and I had enough. I told him to get caught up to net 60 or I was not taking any new orders.
He stiffed me out of 25K. I learned from past fights with Ahole lawyers, write it off as a loss and move on, I would spend 10K and maybe get 10K out of him.
I just found out 2 weeks ago, he did this to all his contractors, every one, he put the bank draws in 6 month investment accounts. I have not idea what you can invest in for 6 months. Once it matured he would pull the money then pay his subs.
What a POS.
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We had one large firm stiff us for a just under 30K and we hired an attorney to get a judgement against them. When they went to bid on a federal contract, the bid was thrown out because they had a judgement against them. They suddenly found our phone number did still work. They wanted the judgement released ASAP and they FedExed us a check. We made sure the check cleared, and then we called the attorney and had her send a bill as well for all the legal costs. Once that was paid, we told her (the attorney) to release it whenever she happened to get around to it. They ended up paying us 100% of the bill, and the attorney fees.
That company actually called us to do a project after that, and we told them check for full amount before we start the airplane. They did.
It worked out great for us, the attorney was a friend that was willing to file some paperwork and all she wanted was the possibility to get paid if the client choked up the money.