WEBVTT 00:51.900 --> 00:52.633 align:left position:10% line:89% size:80% Hi there. 00:52.633 --> 00:53.666 align:left position:10% line:89% size:80% I'm so glad you're watching 00:53.666 --> 00:54.100 align:left position:10% line:89% size:80% LIFE Ahead tonight. 00:54.100 --> 00:55.033 align:left position:10% line:89% size:80% I think it's going to be a very 00:55.033 --> 00:55.433 align:left position:10% line:89% size:80% interesting show. 00:55.433 --> 00:57.700 align:left position:10% line:89% size:80% I'm the host of the show 00:57.700 --> 00:58.700 align:left position:10% line:89% size:80% Sandy Thomson but it's really 00:58.700 --> 00:58.966 align:left position:10% line:89% size:80% your show. 00:58.966 --> 01:00.166 align:left position:10% line:89% size:80% In fact, let me remind you all 01:00.166 --> 01:02.400 align:left position:10% line:89% size:80% that this is a live call in 01:02.400 --> 01:04.700 align:left position:10% line:89% size:80% show on this Wednesday evening 01:04.700 --> 01:04.900 align:left position:10% line:89% size:80% here. 01:04.900 --> 01:06.000 align:left position:10% line:89% size:80% So if you have any questions 01:06.000 --> 01:06.833 align:left position:10% line:89% size:80% for our attorney tonight, be 01:06.833 --> 01:10.100 align:left position:10% line:89% size:80% sure and give us a call. 01:10.100 --> 01:11.233 align:left position:10% line:89% size:80% The phone number will be 01:11.233 --> 01:11.900 align:left position:10% line:89% size:80% appearing periodically here in 01:11.900 --> 01:12.766 align:left position:10% line:89% size:80% the next half hour at the 01:12.766 --> 01:14.533 align:left position:10% line:89% size:80% bottom of the screen and just 01:14.533 --> 01:16.933 align:left position:10% line:89% size:80% to remind you, if you're out 01:16.933 --> 01:17.700 align:left position:10% line:89% size:80% of the immediate area, if you 01:17.700 --> 01:18.966 align:left position:10% line:89% size:80% put a one 866 in front of that 01:18.966 --> 01:21.966 align:left position:10% line:89% size:80% number, it's toll free. 01:21.966 --> 01:23.266 align:left position:10% line:89% size:80% Are you trying to make things 01:23.266 --> 01:24.133 align:left position:10% line:89% size:80% easy for you to try to get 01:24.133 --> 01:25.666 align:left position:10% line:89% size:80% information as as thoroughly as 01:25.666 --> 01:28.800 align:left position:10% line:89% size:80% we can out to our audience. 01:28.800 --> 01:30.066 align:left position:10% line:89% size:80% Now our main topic tonight will 01:30.066 --> 01:31.833 align:left position:10% line:89% size:80% be about a business owners 01:31.833 --> 01:34.566 align:left position:10% line:89% size:80% issues for business owners and 01:34.566 --> 01:35.600 align:left position:10% line:89% size:80% we have an attorney tonight 01:35.600 --> 01:39.866 align:left position:10% line:89% size:80% that you've met before here on 01:39.866 --> 01:41.000 align:left position:10% line:89% size:80% life Head and that is Amy 01:41.000 --> 01:41.266 align:left position:10% line:89% size:80% Thompson. 01:41.266 --> 01:41.633 align:left position:10% line:89% size:80% >> Hi, Amy. 01:41.633 --> 01:42.866 align:left position:10% line:89% size:80% Nice to have you with us 01:42.866 --> 01:43.133 align:left position:10% line:89% size:80% tonight. 01:43.133 --> 01:46.400 align:left position:10% line:89% size:80% And then Steve in the 01:46.400 --> 01:47.433 align:left position:10% line:89% size:80% difference is Amy has a say no, 01:47.433 --> 01:48.200 align:left position:10% line:89% size:80% you're over here, Amy that 01:48.200 --> 01:48.466 align:left position:10% line:89% size:80% right? 01:48.466 --> 01:52.433 align:left position:10% line:89% size:80% >> No, I'm going I'm going the 01:52.433 --> 01:52.833 align:left position:10% line:89% size:80% wrong way. 01:52.833 --> 01:53.466 align:left position:10% line:89% size:80% There she is. 01:53.466 --> 01:57.700 align:left position:10% line:89% size:80% Amy has a P in her Thompson 01:57.700 --> 01:59.233 align:left position:10% line:89% size:80% name and I don't have a P 01:59.233 --> 02:00.000 align:left position:10% line:89% size:80% that's how about tell us apart 02:00.000 --> 02:00.500 align:left position:10% line:89% size:80% Amy That's right. 02:00.500 --> 02:03.466 align:left position:10% line:89% size:80% >> OK now Amy, I know that you 02:03.466 --> 02:04.300 align:left position:10% line:89% size:80% are a creditor's rights 02:04.300 --> 02:04.866 align:left position:10% line:89% size:80% attorney long name. 02:04.866 --> 02:10.133 align:left position:10% line:89% size:80% What does that mean? 02:10.133 --> 02:11.400 align:left position:10% line:89% size:80% >> What does as a creditor's 02:11.400 --> 02:14.933 align:left position:10% line:89% size:80% attorney that is a long name I 02:14.933 --> 02:15.666 align:left position:10% line:89% size:80% generally represent businesses 02:15.666 --> 02:20.933 align:left position:10% line:89% size:80% and I say generally because I 02:20.933 --> 02:22.066 align:left position:10% line:89% size:80% can represent individuals who I 02:22.066 --> 02:23.466 align:left position:10% line:89% size:80% do a lot of work to help make 02:23.466 --> 02:27.233 align:left position:10% line:89% size:80% sure that those businesses or 02:27.233 --> 02:28.133 align:left position:10% line:89% size:80% individuals that are owed money 02:28.133 --> 02:29.633 align:left position:10% line:89% size:80% get paid and so that could be 02:29.633 --> 02:33.133 align:left position:10% line:89% size:80% through collection work. 02:33.133 --> 02:34.400 align:left position:10% line:89% size:80% Maybe a business has unpaid 02:34.400 --> 02:34.833 align:left position:10% line:89% size:80% accounts receivable. 02:34.833 --> 02:36.066 align:left position:10% line:89% size:80% Maybe they're a landlord owner 02:36.066 --> 02:39.566 align:left position:10% line:89% size:80% and we have landlord tenant 02:39.566 --> 02:39.833 align:left position:10% line:89% size:80% issues. 02:39.833 --> 02:40.833 align:left position:10% line:89% size:80% Maybe we need to look at 02:40.833 --> 02:41.200 align:left position:10% line:89% size:80% eviction work. 02:41.200 --> 02:44.966 align:left position:10% line:89% size:80% I do some work for financial 02:44.966 --> 02:45.733 align:left position:10% line:89% size:80% institutions so mortgage 02:45.733 --> 02:47.233 align:left position:10% line:89% size:80% foreclosures a little bit 02:47.233 --> 02:52.766 align:left position:10% line:89% size:80% of anything to help them. 02:52.766 --> 02:53.566 align:left position:10% line:89% size:80% Those creditors, those people 02:53.566 --> 02:55.300 align:left position:10% line:89% size:80% that are owed money make sure 02:55.300 --> 02:57.533 align:left position:10% line:89% size:80% that they have every 02:57.533 --> 02:58.666 align:left position:10% line:89% size:80% opportunity to try and get that 02:58.666 --> 02:59.200 align:left position:10% line:89% size:80% money recovered for them. 02:59.200 --> 03:00.166 align:left position:10% line:89% size:80% >> Oh, that's admirable. 03:00.166 --> 03:03.900 align:left position:10% line:89% size:80% Now that's prizes me 03:03.900 --> 03:04.533 align:left position:10% line:89% size:80% but pleasantly so that that 03:04.533 --> 03:06.300 align:left position:10% line:89% size:80% such an expansive area that you 03:06.300 --> 03:09.833 align:left position:10% line:89% size:80% even deal with renters on 03:09.833 --> 03:10.833 align:left position:10% line:89% size:80% evictions and you know all 03:10.833 --> 03:11.333 align:left position:10% line:89% size:80% sorts of things. 03:11.333 --> 03:16.066 align:left position:10% line:89% size:80% It's not just a one stop 03:16.066 --> 03:16.966 align:left position:10% line:89% size:80% collection agency if you will 03:16.966 --> 03:20.700 align:left position:10% line:89% size:80% and better your attempt is to 03:20.700 --> 03:22.366 align:left position:10% line:89% size:80% let's say would that be to get 03:22.366 --> 03:23.000 align:left position:10% line:89% size:80% the business owners the money 03:23.000 --> 03:23.500 align:left position:10% line:89% size:80% that they're owed? 03:23.500 --> 03:24.266 align:left position:10% line:89% size:80% >> Right. 03:24.266 --> 03:25.633 align:left position:10% line:89% size:80% So depending on what the 03:25.633 --> 03:30.900 align:left position:10% line:89% size:80% business age you know, it could 03:30.900 --> 03:32.666 align:left position:10% line:89% size:80% be let's say it's a dental 03:32.666 --> 03:36.933 align:left position:10% line:89% size:80% practice and maybe a business 03:36.933 --> 03:37.700 align:left position:10% line:89% size:80% owner is winding down with 03:37.700 --> 03:38.266 align:left position:10% line:89% size:80% their dental practice and 03:38.266 --> 03:38.866 align:left position:10% line:89% size:80% they're either going to be 03:38.866 --> 03:40.633 align:left position:10% line:89% size:80% selling it or they're going to 03:40.633 --> 03:43.133 align:left position:10% line:89% size:80% be retiring but they have bills 03:43.133 --> 03:43.900 align:left position:10% line:89% size:80% that ran they ran through 03:43.900 --> 03:44.566 align:left position:10% line:89% size:80% insurance for the individual. 03:44.566 --> 03:48.066 align:left position:10% line:89% size:80% There's still an outstanding 03:48.066 --> 03:49.333 align:left position:10% line:89% size:80% balance that that individual 03:49.333 --> 03:50.100 align:left position:10% line:89% size:80% owes and they're just not paid 03:50.100 --> 03:50.333 align:left position:10% line:89% size:80% for it. 03:50.333 --> 03:52.633 align:left position:10% line:89% size:80% That would be fall under what I 03:52.633 --> 03:54.633 align:left position:10% line:89% size:80% call more traditional 03:54.633 --> 03:56.133 align:left position:10% line:89% size:80% collection work but then it 03:56.133 --> 04:02.966 align:left position:10% line:89% size:80% could be like I said, you know, 04:02.966 --> 04:04.233 align:left position:10% line:89% size:80% a financial institution, car 04:04.233 --> 04:05.600 align:left position:10% line:89% size:80% loan or they have a home equity 04:05.600 --> 04:09.633 align:left position:10% line:89% size:80% loan and the individual is not 04:09.633 --> 04:10.633 align:left position:10% line:89% size:80% paying for whatever reason I 04:10.633 --> 04:12.033 align:left position:10% line:89% size:80% even may have to get involved 04:12.033 --> 04:15.533 align:left position:10% line:89% size:80% for that business on the 04:15.533 --> 04:16.300 align:left position:10% line:89% size:80% bankruptcy side sometimes 04:16.300 --> 04:17.433 align:left position:10% line:89% size:80% individuals just they can't pay 04:17.433 --> 04:21.700 align:left position:10% line:89% size:80% anything anymore, especially in 04:21.700 --> 04:22.466 align:left position:10% line:89% size:80% twenty twenty and twenty twenty 04:22.466 --> 04:23.966 align:left position:10% line:89% size:80% one has been tough for a lot 04:23.966 --> 04:27.000 align:left position:10% line:89% size:80% of individuals so sometimes 04:27.000 --> 04:28.266 align:left position:10% line:89% size:80% situations happen in life and 04:28.266 --> 04:28.933 align:left position:10% line:89% size:80% their individual just doesn't 04:28.933 --> 04:29.533 align:left position:10% line:89% size:80% have any other choice other 04:29.533 --> 04:30.066 align:left position:10% line:89% size:80% than bankruptcy. 04:30.066 --> 04:33.566 align:left position:10% line:89% size:80% So I can represent that 04:33.566 --> 04:34.433 align:left position:10% line:89% size:80% business or individual and 04:34.433 --> 04:35.333 align:left position:10% line:89% size:80% seeing if we can file a claim 04:35.333 --> 04:36.466 align:left position:10% line:89% size:80% in their bankruptcy, see if 04:36.466 --> 04:40.000 align:left position:10% line:89% size:80% there's any assets, just see 04:40.000 --> 04:40.866 align:left position:10% line:89% size:80% what sort of research and 04:40.866 --> 04:45.366 align:left position:10% line:89% size:80% detective work we can do to try 04:45.366 --> 04:46.666 align:left position:10% line:89% size:80% and get repaid for them 04:46.666 --> 04:47.033 align:left position:10% line:89% size:80% for that client. 04:47.033 --> 04:48.433 align:left position:10% line:89% size:80% >> Well, I'm sure as you 04:48.433 --> 04:51.933 align:left position:10% line:89% size:80% mentioned the coverage year or 04:51.933 --> 04:53.066 align:left position:10% line:89% size:80% year and a half now whatever 04:53.066 --> 04:53.833 align:left position:10% line:89% size:80% has certainly complicated 04:53.833 --> 04:57.866 align:left position:10% line:89% size:80% everything and with so many 04:57.866 --> 04:58.866 align:left position:10% line:89% size:80% people either out of work or 04:58.866 --> 05:00.200 align:left position:10% line:89% size:80% less work than they used to 05:00.200 --> 05:04.933 align:left position:10% line:89% size:80% have, they're probably a lot 05:04.933 --> 05:05.733 align:left position:10% line:89% size:80% more financial situations to 05:05.733 --> 05:06.233 align:left position:10% line:89% size:80% deal with, let's say. 05:06.233 --> 05:09.733 align:left position:10% line:89% size:80% And we're just get some kind 05:09.733 --> 05:10.500 align:left position:10% line:89% size:80% of generic scenarios here. 05:10.500 --> 05:11.766 align:left position:10% line:89% size:80% Let's say that I own a 05:11.766 --> 05:15.266 align:left position:10% line:89% size:80% business, a small business and 05:15.266 --> 05:17.266 align:left position:10% line:89% size:80% I'm going to retire and go out 05:17.266 --> 05:17.566 align:left position:10% line:89% size:80% of business. 05:17.566 --> 05:18.533 align:left position:10% line:89% size:80% But there are a number 05:18.533 --> 05:21.800 align:left position:10% line:89% size:80% of people that still owe me 05:21.800 --> 05:22.066 align:left position:10% line:89% size:80% money. 05:22.066 --> 05:23.466 align:left position:10% line:89% size:80% >> They have been sent invoices 05:23.466 --> 05:24.100 align:left position:10% line:89% size:80% but they haven't paid me yet. 05:24.100 --> 05:27.866 align:left position:10% line:89% size:80% What are you going to do for ? 05:27.866 --> 05:29.600 align:left position:10% line:89% size:80% >> So a lot of times if we 05:29.600 --> 05:35.366 align:left position:10% line:89% size:80% would talk to that client in 05:35.366 --> 05:36.766 align:left position:10% line:89% size:80% everything when it comes to 05:36.766 --> 05:37.400 align:left position:10% line:89% size:80% collection work we would 05:37.400 --> 05:38.933 align:left position:10% line:89% size:80% consider kind I would consider 05:38.933 --> 05:41.933 align:left position:10% line:89% size:80% contract work. 05:41.933 --> 05:43.200 align:left position:10% line:89% size:80% So just get to know my client 05:43.200 --> 05:44.200 align:left position:10% line:89% size:80% in your business when you was 05:44.200 --> 05:47.466 align:left position:10% line:89% size:80% in a service that you provided 05:47.466 --> 05:48.833 align:left position:10% line:89% size:80% or was that a product that you 05:48.833 --> 05:49.866 align:left position:10% line:89% size:80% sold that individual was there 05:49.866 --> 05:53.366 align:left position:10% line:89% size:80% any contract that was entered 05:53.366 --> 05:55.000 align:left position:10% line:89% size:80% at the time that you did this 05:55.000 --> 05:56.266 align:left position:10% line:89% size:80% work or provided the service 05:56.266 --> 06:00.000 align:left position:10% line:89% size:80% for this person that tells a 06:00.000 --> 06:01.100 align:left position:10% line:89% size:80% lot looking at if there's 06:01.100 --> 06:02.366 align:left position:10% line:89% size:80% paperwork and so actually to 06:02.366 --> 06:06.133 align:left position:10% line:89% size:80% sort of sidebar with that if 06:06.133 --> 06:07.266 align:left position:10% line:89% size:80% you are a business owner or if 06:07.266 --> 06:08.033 align:left position:10% line:89% size:80% you are someone that's looking 06:08.033 --> 06:10.033 align:left position:10% line:89% size:80% at providing a service or even 06:10.033 --> 06:12.566 align:left position:10% line:89% size:80% loaning money, paper goes a 06:12.566 --> 06:12.933 align:left position:10% line:89% size:80% long way. 06:12.933 --> 06:14.933 align:left position:10% line:89% size:80% Having things in writing goes a 06:14.933 --> 06:16.933 align:left position:10% line:89% size:80% long way. 06:16.933 --> 06:18.566 align:left position:10% line:89% size:80% So we look at that if if 06:18.566 --> 06:19.800 align:left position:10% line:89% size:80% there's security maybe that 06:19.800 --> 06:23.566 align:left position:10% line:89% size:80% work you secured it with some 06:23.566 --> 06:24.833 align:left position:10% line:89% size:80% sort of asset we would look to 06:24.833 --> 06:28.866 align:left position:10% line:89% size:80% see if that's an asset that 06:28.866 --> 06:30.000 align:left position:10% line:89% size:80% would make financial sense to 06:30.000 --> 06:31.500 align:left position:10% line:89% size:80% try and collect otherwise if 06:31.500 --> 06:35.766 align:left position:10% line:89% size:80% it's unsecured it was just a 06:35.766 --> 06:36.666 align:left position:10% line:89% size:80% service provided and you're not 06:36.666 --> 06:37.166 align:left position:10% line:89% size:80% paid for it. 06:37.166 --> 06:41.933 align:left position:10% line:89% size:80% We would probably recommend 06:41.933 --> 06:42.966 align:left position:10% line:89% size:80% trying to collect through 06:42.966 --> 06:48.200 align:left position:10% line:89% size:80% either filing suit small claims 06:48.200 --> 06:49.466 align:left position:10% line:89% size:80% court depending on the dollar 06:49.466 --> 06:54.000 align:left position:10% line:89% size:80% amount or in what we jokingly 06:54.000 --> 06:55.266 align:left position:10% line:89% size:80% call Big Boys Court or Superior 06:55.266 --> 07:00.000 align:left position:10% line:89% size:80% Court or so and the law the 07:00.000 --> 07:00.833 align:left position:10% line:89% size:80% rule actually Indiana rules 07:00.833 --> 07:01.833 align:left position:10% line:89% size:80% just changed recently and so 07:01.833 --> 07:06.100 align:left position:10% line:89% size:80% you can file to pursue unpaid 07:06.100 --> 07:07.033 align:left position:10% line:89% size:80% moneys against one individual 07:07.033 --> 07:08.133 align:left position:10% line:89% size:80% totaling up to ten thousand 07:08.133 --> 07:12.366 align:left position:10% line:89% size:80% dollars now and that just 07:12.366 --> 07:13.000 align:left position:10% line:89% size:80% changed last month. 07:13.000 --> 07:14.266 align:left position:10% line:89% size:80% >> Prior to that it had been me 07:14.266 --> 07:14.900 align:left position:10% line:89% size:80% say that again. 07:14.900 --> 07:18.166 align:left position:10% line:89% size:80% What is it about ten thousand 07:18.166 --> 07:18.700 align:left position:10% line:89% size:80% dollars though. 07:18.700 --> 07:19.933 align:left position:10% line:89% size:80% >> So when you file in small 07:19.933 --> 07:21.933 align:left position:10% line:89% size:80% claims court you can recover up 07:21.933 --> 07:24.966 align:left position:10% line:89% size:80% to ten thousand dollars. 07:24.966 --> 07:26.233 align:left position:10% line:89% size:80% >> I say OK you have up to ten 07:26.233 --> 07:27.500 align:left position:10% line:89% size:80% thousand if it's if it's more 07:27.500 --> 07:29.733 align:left position:10% line:89% size:80% than that you're pursuing 07:29.733 --> 07:31.033 align:left position:10% line:89% size:80% depending on the circumstance 07:31.033 --> 07:31.700 align:left position:10% line:89% size:80% would probably recommend you go 07:31.700 --> 07:32.433 align:left position:10% line:89% size:80% in the Superior Court or Big 07:32.433 --> 07:33.200 align:left position:10% line:89% size:80% Boys court side. 07:33.200 --> 07:35.933 align:left position:10% line:89% size:80% >> I see. 07:35.933 --> 07:37.333 align:left position:10% line:89% size:80% OK now also you mentioned that 07:37.333 --> 07:38.333 align:left position:10% line:89% size:80% there's nothing like having 07:38.333 --> 07:42.100 align:left position:10% line:89% size:80% some good old paperwork. 07:42.100 --> 07:43.500 align:left position:10% line:89% size:80% Let's say that again in this 07:43.500 --> 07:44.866 align:left position:10% line:89% size:80% business that I have maybe I'm 07:44.866 --> 07:48.633 align:left position:10% line:89% size:80% providing a service or a 07:48.633 --> 07:49.900 align:left position:10% line:89% size:80% product and somebody owes me 07:49.900 --> 07:54.166 align:left position:10% line:89% size:80% money for it but I don't have 07:54.166 --> 07:55.300 align:left position:10% line:89% size:80% anything to prove that I gave 07:55.300 --> 07:56.566 align:left position:10% line:89% size:80% them that service or gave them 07:56.566 --> 08:00.666 align:left position:10% line:89% size:80% that product are the odds of me 08:00.666 --> 08:01.533 align:left position:10% line:89% size:80% reclaiming that money good at 08:01.533 --> 08:01.933 align:left position:10% line:89% size:80% all or not? 08:01.933 --> 08:06.433 align:left position:10% line:89% size:80% >> You still can have a clean 08:06.433 --> 08:07.466 align:left position:10% line:89% size:80% but at that point it's more 08:07.466 --> 08:08.600 align:left position:10% line:89% size:80% than likely going to become a 08:08.600 --> 08:12.100 align:left position:10% line:89% size:80% he says she says situation. 08:12.100 --> 08:13.633 align:left position:10% line:89% size:80% So let's say to kind 08:13.633 --> 08:18.366 align:left position:10% line:89% size:80% of piggyback on your example I 08:18.366 --> 08:19.633 align:left position:10% line:89% size:80% loan John five thousand dollars 08:19.633 --> 08:23.666 align:left position:10% line:89% size:80% and it's just a verbal 08:23.666 --> 08:23.933 align:left position:10% line:89% size:80% agreement. 08:23.933 --> 08:25.066 align:left position:10% line:89% size:80% I give him the five thousand he 08:25.066 --> 08:26.566 align:left position:10% line:89% size:80% says I'm going to pay you back 08:26.566 --> 08:29.833 align:left position:10% line:89% size:80% and whatever time I'm going to 08:29.833 --> 08:30.833 align:left position:10% line:89% size:80% pay back in the next year or 08:30.833 --> 08:31.466 align:left position:10% line:89% size:80% whatever and that year comes 08:31.466 --> 08:32.900 align:left position:10% line:89% size:80% and goes and John John skirts 08:32.900 --> 08:35.400 align:left position:10% line:89% size:80% and he's gone. 08:35.400 --> 08:36.766 align:left position:10% line:89% size:80% I still have a claim I could 08:36.766 --> 08:37.300 align:left position:10% line:89% size:80% still go after John. 08:37.300 --> 08:38.533 align:left position:10% line:89% size:80% I could send him a letter. 08:38.533 --> 08:42.200 align:left position:10% line:89% size:80% I could try to contact him if I 08:42.200 --> 08:43.200 align:left position:10% line:89% size:80% don't get anywhere with that I 08:43.200 --> 08:45.466 align:left position:10% line:89% size:80% could still look at filing Sue 08:45.466 --> 08:47.233 align:left position:10% line:89% size:80% in small claims making a claim 08:47.233 --> 08:52.233 align:left position:10% line:89% size:80% against him. 08:52.233 --> 08:53.466 align:left position:10% line:89% size:80% What would happen is is more 08:53.466 --> 08:54.500 align:left position:10% line:89% size:80% than likely we would have to go 08:54.500 --> 08:56.500 align:left position:10% line:89% size:80% before a judge and argue our 08:56.500 --> 08:59.400 align:left position:10% line:89% size:80% case if John doesn't show up 08:59.400 --> 09:00.233 align:left position:10% line:89% size:80% for the date to argue his side 09:00.233 --> 09:01.233 align:left position:10% line:89% size:80% or mine he does or doesn't owe 09:01.233 --> 09:01.733 align:left position:10% line:89% size:80% the money. 09:01.733 --> 09:05.133 align:left position:10% line:89% size:80% I can ask a judge to issue 09:05.133 --> 09:05.633 align:left position:10% line:89% size:80% what's called judgment. 09:05.633 --> 09:06.766 align:left position:10% line:89% size:80% That basically is a court order 09:06.766 --> 09:24.266 align:left position:10% line:89% size:80% saying I have the right 09:24.266 --> 09:27.400 align:left position:10% line:89% size:80% now to go after John to get 09:27.400 --> 09:28.033 align:left position:10% line:89% size:80% this five thousand dollars and 09:28.033 --> 09:28.933 align:left position:10% line:89% size:80% I can do that in a couple 09:28.933 --> 09:29.833 align:left position:10% line:89% size:80% of ways I can try to garnish if 09:29.833 --> 09:30.600 align:left position:10% line:89% size:80% John if I know John's working 09:30.600 --> 09:31.300 align:left position:10% line:89% size:80% somewhere I can try and garnish 09:31.300 --> 09:31.933 align:left position:10% line:89% size:80% his employer and take money, 09:31.933 --> 09:32.700 align:left position:10% line:89% size:80% maybe take it from his wages if 09:32.700 --> 09:33.133 align:left position:10% line:89% size:80% John's not working. 09:33.133 --> 09:34.100 align:left position:10% line:89% size:80% But I know maybe he has a bank 09:34.100 --> 09:34.333 align:left position:10% line:89% size:80% account. 09:34.333 --> 09:34.933 align:left position:10% line:89% size:80% Our firm for example, have 09:34.933 --> 09:35.566 align:left position:10% line:89% size:80% different resources we can we 09:35.566 --> 09:36.200 align:left position:10% line:89% size:80% discover certain information to 09:36.200 --> 09:36.700 align:left position:10% line:89% size:80% help collect on those. 09:36.700 --> 09:40.033 align:left position:10% line:89% size:80% But if I knew that John banked 09:40.033 --> 09:41.666 align:left position:10% line:89% size:80% over the bank next door I could 09:41.666 --> 09:42.433 align:left position:10% line:89% size:80% try to garnish his bank account 09:42.433 --> 09:43.833 align:left position:10% line:89% size:80% if he had money in there but I 09:43.833 --> 09:46.833 align:left position:10% line:89% size:80% would at least have that right 09:46.833 --> 09:48.100 align:left position:10% line:89% size:80% to do that if John showed up to 09:48.100 --> 09:48.866 align:left position:10% line:89% size:80% that hearing and he gave his 09:48.866 --> 09:50.900 align:left position:10% line:89% size:80% side of the case, it's going to 09:50.900 --> 09:53.400 align:left position:10% line:89% size:80% probably come down to just 09:53.400 --> 09:54.533 align:left position:10% line:89% size:80% where the judge falls with the 09:54.533 --> 09:54.800 align:left position:10% line:89% size:80% evidence. 09:54.800 --> 09:59.033 align:left position:10% line:89% size:80% The testimony it's provided by 09:59.033 --> 09:59.433 align:left position:10% line:89% size:80% each side. 09:59.433 --> 10:01.666 align:left position:10% line:89% size:80% >> So it's it's not as it's not 10:01.666 --> 10:05.433 align:left position:10% line:89% size:80% a solid the other thing too is 10:05.433 --> 10:06.200 align:left position:10% line:89% size:80% let's say you hire let's say 10:06.200 --> 10:07.200 align:left position:10% line:89% size:80% you hire an attorney like 10:07.200 --> 10:10.466 align:left position:10% line:89% size:80% myself to collect on that you 10:10.466 --> 10:12.233 align:left position:10% line:89% size:80% would not be able to get 10:12.233 --> 10:15.733 align:left position:10% line:89% size:80% reimbursed in judgment 10:15.733 --> 10:16.533 align:left position:10% line:89% size:80% for attorney fees unless 10:16.533 --> 10:17.400 align:left position:10% line:89% size:80% there's something that was 10:17.400 --> 10:21.666 align:left position:10% line:89% size:80% signed in writing that says if 10:21.666 --> 10:22.933 align:left position:10% line:89% size:80% John doesn't pay me and I have 10:22.933 --> 10:24.700 align:left position:10% line:89% size:80% to sue him or I have to hire an 10:24.700 --> 10:27.966 align:left position:10% line:89% size:80% attorney to collect this money, 10:27.966 --> 10:28.966 align:left position:10% line:89% size:80% I'm able to get attorney fees 10:28.966 --> 10:30.766 align:left position:10% line:89% size:80% that John's going to have to 10:30.766 --> 10:34.266 align:left position:10% line:89% size:80% pay unless that's in writing 10:34.266 --> 10:35.066 align:left position:10% line:89% size:80% that generally is not going to 10:35.066 --> 10:35.366 align:left position:10% line:89% size:80% be granted. 10:35.366 --> 10:37.200 align:left position:10% line:89% size:80% >> So that's another reason why 10:37.200 --> 10:40.233 align:left position:10% line:89% size:80% papers important does it become 10:40.233 --> 10:41.733 align:left position:10% line:89% size:80% your advantage if John doesn't 10:41.733 --> 10:46.633 align:left position:10% line:89% size:80% show up in court then it could 10:46.633 --> 10:47.533 align:left position:10% line:89% size:80% become an advantage because so 10:47.533 --> 10:49.300 align:left position:10% line:89% size:80% there's different ways that you 10:49.300 --> 10:52.566 align:left position:10% line:89% size:80% can obtain if you let's say you 10:52.566 --> 10:52.966 align:left position:10% line:89% size:80% go to court. 10:52.966 --> 10:55.100 align:left position:10% line:89% size:80% The goal in court is to get a 10:55.100 --> 10:57.600 align:left position:10% line:89% size:80% judgment from a court that says 10:57.600 --> 10:58.366 align:left position:10% line:89% size:80% here's an order that gives you 10:58.366 --> 10:59.733 align:left position:10% line:89% size:80% the ability we believe that you 10:59.733 --> 11:03.333 align:left position:10% line:89% size:80% wrote this money you can go 11:03.333 --> 11:04.466 align:left position:10% line:89% size:80% collect on it and you can get 11:04.466 --> 11:05.733 align:left position:10% line:89% size:80% that order a couple of ways if 11:05.733 --> 11:09.500 align:left position:10% line:89% size:80% John doesn't show up and to the 11:09.500 --> 11:10.633 align:left position:10% line:89% size:80% hearing I can ask for what's 11:10.633 --> 11:11.900 align:left position:10% line:89% size:80% called a default judgment 11:11.900 --> 11:16.166 align:left position:10% line:89% size:80% because John because John was 11:16.166 --> 11:17.300 align:left position:10% line:89% size:80% given notice that I'm suing him 11:17.300 --> 11:21.566 align:left position:10% line:89% size:80% and because John didn't show up 11:21.566 --> 11:22.833 align:left position:10% line:89% size:80% by him not showing up, it's 11:22.833 --> 11:23.833 align:left position:10% line:89% size:80% essentially him admitting that 11:23.833 --> 11:28.366 align:left position:10% line:89% size:80% it's his debt he owes it. 11:28.366 --> 11:29.500 align:left position:10% line:89% size:80% If John didn't show up or John 11:29.500 --> 11:31.133 align:left position:10% line:89% size:80% didn't show up, we can still 11:31.133 --> 11:33.900 align:left position:10% line:89% size:80% ask for judgment but generally 11:33.900 --> 11:34.800 align:left position:10% line:89% size:80% we'd ask for what's called 11:34.800 --> 11:35.200 align:left position:10% line:89% size:80% summary judgment. 11:35.200 --> 11:36.933 align:left position:10% line:89% size:80% So essentially we're both 11:36.933 --> 11:40.833 align:left position:10% line:89% size:80% arguing then like I said, the 11:40.833 --> 11:41.500 align:left position:10% line:89% size:80% judge would make the decision 11:41.500 --> 11:42.733 align:left position:10% line:89% size:80% on if that judgment would be 11:42.733 --> 11:46.233 align:left position:10% line:89% size:80% granted if John maybe in this 11:46.233 --> 11:47.033 align:left position:10% line:89% size:80% this does actually happen more 11:47.033 --> 11:47.766 align:left position:10% line:89% size:80% often than you think. 11:47.766 --> 11:52.033 align:left position:10% line:89% size:80% Let's say I sue John for the 11:52.033 --> 11:53.033 align:left position:10% line:89% size:80% five thousand dollars and John 11:53.033 --> 11:53.800 align:left position:10% line:89% size:80% gets my paperwork and he reads 11:53.800 --> 11:57.700 align:left position:10% line:89% size:80% it and he goes Oh my gosh, I 11:57.700 --> 11:58.966 align:left position:10% line:89% size:80% don't want I don't want to I 11:58.966 --> 11:59.633 align:left position:10% line:89% size:80% don't want to see something 11:59.633 --> 11:59.866 align:left position:10% line:89% size:80% happen. 11:59.866 --> 12:00.366 align:left position:10% line:89% size:80% You know, covid happen. 12:00.366 --> 12:01.566 align:left position:10% line:89% size:80% I lost my job. 12:01.566 --> 12:04.566 align:left position:10% line:89% size:80% I just couldn't pay any if he 12:04.566 --> 12:05.566 align:left position:10% line:89% size:80% were to call me up or call the 12:05.566 --> 12:06.566 align:left position:10% line:89% size:80% attorney up and say that we can 12:06.566 --> 12:08.100 align:left position:10% line:89% size:80% actually get John to sign 12:08.100 --> 12:10.100 align:left position:10% line:89% size:80% what's called agreed judgment 12:10.100 --> 12:10.933 align:left position:10% line:89% size:80% where John's essentially saying 12:10.933 --> 12:11.766 align:left position:10% line:89% size:80% I'm not arguing I'm not 12:11.766 --> 12:15.533 align:left position:10% line:89% size:80% disputing that I owe this debt 12:15.533 --> 12:17.033 align:left position:10% line:89% size:80% and we're going to go to the 12:17.033 --> 12:17.800 align:left position:10% line:89% size:80% court and let the court know 12:17.800 --> 12:18.700 align:left position:10% line:89% size:80% that we're in agreement that 12:18.700 --> 12:21.433 align:left position:10% line:89% size:80% John owes this money and then 12:21.433 --> 12:22.966 align:left position:10% line:89% size:80% it's just a matter of how are 12:22.966 --> 12:23.700 align:left position:10% line:89% size:80% we going to get paid back. 12:23.700 --> 12:24.966 align:left position:10% line:89% size:80% >> So you're kind 12:24.966 --> 12:26.733 align:left position:10% line:89% size:80% of renegotiating that deal with 12:26.733 --> 12:27.500 align:left position:10% line:89% size:80% John then, right? 12:27.500 --> 12:28.266 align:left position:10% line:89% size:80% >> Right. 12:28.266 --> 12:29.766 align:left position:10% line:89% size:80% And then that's going on what 12:29.766 --> 12:34.266 align:left position:10% line:89% size:80% the client prefers some clients 12:34.266 --> 12:36.033 align:left position:10% line:89% size:80% they want every every amount 12:36.033 --> 12:39.800 align:left position:10% line:89% size:80% that is owed to them. 12:39.800 --> 12:41.433 align:left position:10% line:89% size:80% It's a lot for a business or an 12:41.433 --> 12:45.233 align:left position:10% line:89% size:80% individual to carry money may 12:45.233 --> 12:46.366 align:left position:10% line:89% size:80% not be paid for a service that 12:46.366 --> 12:46.700 align:left position:10% line:89% size:80% was provided. 12:46.700 --> 12:47.633 align:left position:10% line:89% size:80% They rely on they have 12:47.633 --> 12:49.133 align:left position:10% line:89% size:80% employees, they have whatnot 12:49.133 --> 12:51.633 align:left position:10% line:89% size:80% other businesses just depending 12:51.633 --> 12:52.533 align:left position:10% line:89% size:80% on their situation they might 12:52.533 --> 12:53.533 align:left position:10% line:89% size:80% entertain a settlement offer. 12:53.533 --> 12:57.566 align:left position:10% line:89% size:80% So sometimes you'll have 12:57.566 --> 12:58.433 align:left position:10% line:89% size:80% individuals like John might say 12:58.433 --> 12:59.600 align:left position:10% line:89% size:80% hey Amy, I'm not arguing that I 12:59.600 --> 13:01.400 align:left position:10% line:89% size:80% owe you the five thousand 13:01.400 --> 13:03.933 align:left position:10% line:89% size:80% dollars and I'll sign this 13:03.933 --> 13:04.300 align:left position:10% line:89% size:80% agreed judgment. 13:04.300 --> 13:05.300 align:left position:10% line:89% size:80% But would you be willing to 13:05.300 --> 13:07.066 align:left position:10% line:89% size:80% take a reduced amount just 13:07.066 --> 13:09.966 align:left position:10% line:89% size:80% because times have been really 13:09.966 --> 13:10.166 align:left position:10% line:89% size:80% hard? 13:10.166 --> 13:11.233 align:left position:10% line:89% size:80% This is all you have and that's 13:11.233 --> 13:11.866 align:left position:10% line:89% size:80% up to the client. 13:11.866 --> 13:15.366 align:left position:10% line:89% size:80% Any time I get a meeting like 13:15.366 --> 13:16.400 align:left position:10% line:89% size:80% that we would talk to the 13:16.400 --> 13:17.300 align:left position:10% line:89% size:80% client, see what they want to 13:17.300 --> 13:19.300 align:left position:10% line:89% size:80% do or even want payment plans 13:19.300 --> 13:21.833 align:left position:10% line:89% size:80% or things like that. 13:21.833 --> 13:22.700 align:left position:10% line:89% size:80% You could negotiate OK? 13:22.700 --> 13:23.100 align:left position:10% line:89% size:80% Right. 13:23.100 --> 13:24.366 align:left position:10% line:89% size:80% It's better to do that than not 13:24.366 --> 13:24.866 align:left position:10% line:89% size:80% show up. 13:24.866 --> 13:28.133 align:left position:10% line:89% size:80% I feel a little sorry Amy. 13:28.133 --> 13:29.133 align:left position:10% line:89% size:80% By the way, for any viewers out 13:29.133 --> 13:30.400 align:left position:10% line:89% size:80% there that are named John, we 13:30.400 --> 13:33.666 align:left position:10% line:89% size:80% really put the ad on tonight. 13:33.666 --> 13:35.433 align:left position:10% line:89% size:80% >> OK, let's say that I you 13:35.433 --> 13:38.966 align:left position:10% line:89% size:80% know, I want to collect money 13:38.966 --> 13:39.733 align:left position:10% line:89% size:80% for my business but somebody 13:39.733 --> 13:44.500 align:left position:10% line:89% size:80% owes me do I have to have a 13:44.500 --> 13:46.133 align:left position:10% line:89% size:80% lawsuit to get that or can an 13:46.133 --> 13:50.400 align:left position:10% line:89% size:80% attorney help me negotiate out 13:50.400 --> 13:51.400 align:left position:10% line:89% size:80% out of court so attorneys can 13:51.400 --> 13:51.900 align:left position:10% line:89% size:80% still help negotiate? 13:51.900 --> 13:54.800 align:left position:10% line:89% size:80% >> We don't have to immediately 13:54.800 --> 14:01.133 align:left position:10% line:89% size:80% go into filing a suit and so 14:01.133 --> 14:01.900 align:left position:10% line:89% size:80% there's different regulations 14:01.900 --> 14:02.766 align:left position:10% line:89% size:80% in every area of law and 14:02.766 --> 14:03.800 align:left position:10% line:89% size:80% there's a couple of different 14:03.800 --> 14:07.300 align:left position:10% line:89% size:80% acronyms that you'll hear when 14:07.300 --> 14:08.233 align:left position:10% line:89% size:80% it comes to collections 14:08.233 --> 14:09.200 align:left position:10% line:89% size:80% specifically you'll hear FDCPA 14:09.200 --> 14:12.966 align:left position:10% line:89% size:80% it's fair debt collection 14:12.966 --> 14:13.500 align:left position:10% line:89% size:80% Practices Act. 14:13.500 --> 14:14.633 align:left position:10% line:89% size:80% Another acronym you might hear 14:14.633 --> 14:15.133 align:left position:10% line:89% size:80% is CFP. 14:15.133 --> 14:18.866 align:left position:10% line:89% size:80% It's Consumer Financial 14:18.866 --> 14:20.133 align:left position:10% line:89% size:80% Protection Collections is a 14:20.133 --> 14:21.900 align:left position:10% line:89% size:80% heavily regulated area and so 14:21.900 --> 14:26.066 align:left position:10% line:89% size:80% actually by law an attorney 14:26.066 --> 14:26.800 align:left position:10% line:89% size:80% shouldn't just take your 14:26.800 --> 14:31.300 align:left position:10% line:89% size:80% account and go file a lawsuit. 14:31.300 --> 14:32.333 align:left position:10% line:89% size:80% They're actually required to 14:32.333 --> 14:33.333 align:left position:10% line:89% size:80% first submit or mail or send 14:33.333 --> 14:35.100 align:left position:10% line:89% size:80% out what's called a demand 14:35.100 --> 14:37.366 align:left position:10% line:89% size:80% letter which is the same person 14:37.366 --> 14:38.133 align:left position:10% line:89% size:80% to that person you're trying to 14:38.133 --> 14:39.133 align:left position:10% line:89% size:80% collect money from, is that 14:39.133 --> 14:43.400 align:left position:10% line:89% size:80% what you're saying right. 14:43.400 --> 14:44.033 align:left position:10% line:89% size:80% >> Right. 14:44.033 --> 14:45.166 align:left position:10% line:89% size:80% And looking at the other side, 14:45.166 --> 14:46.433 align:left position:10% line:89% size:80% that's a protection for the 14:46.433 --> 14:50.200 align:left position:10% line:89% size:80% client to the last thing you 14:50.200 --> 14:51.066 align:left position:10% line:89% size:80% want to do is mistakenly 14:51.066 --> 14:52.100 align:left position:10% line:89% size:80% Sandy Thomson, Amy Thompson 14:52.100 --> 14:55.233 align:left position:10% line:89% size:80% more common names than what you 14:55.233 --> 14:55.566 align:left position:10% line:89% size:80% would think. 14:55.566 --> 14:57.133 align:left position:10% line:89% size:80% I jokingly say I give out the 14:57.133 --> 15:00.733 align:left position:10% line:89% size:80% last for my social or my date 15:00.733 --> 15:01.733 align:left position:10% line:89% size:80% of birth more than I care to 15:01.733 --> 15:02.366 align:left position:10% line:89% size:80% sometimes just because there's 15:02.366 --> 15:04.033 align:left position:10% line:89% size:80% more than one Amy Thompson in 15:04.033 --> 15:06.533 align:left position:10% line:89% size:80% this area. 15:06.533 --> 15:08.033 align:left position:10% line:89% size:80% >> And so you want to make sure 15:08.033 --> 15:08.833 align:left position:10% line:89% size:80% that you're really identifying 15:08.833 --> 15:10.566 align:left position:10% line:89% size:80% the proper party that you're 15:10.566 --> 15:14.200 align:left position:10% line:89% size:80% trying to make this claim 15:14.200 --> 15:15.000 align:left position:10% line:89% size:80% against and then it also allows 15:15.000 --> 15:16.266 align:left position:10% line:89% size:80% that person to have the 15:16.266 --> 15:19.533 align:left position:10% line:89% size:80% opportunity to respond your 15:19.533 --> 15:20.300 align:left position:10% line:89% size:80% medical debt, for example. 15:20.300 --> 15:21.433 align:left position:10% line:89% size:80% And this would be for any 15:21.433 --> 15:22.433 align:left position:10% line:89% size:80% viewer that's even watching 15:22.433 --> 15:24.966 align:left position:10% line:89% size:80% this there could I don't know 15:24.966 --> 15:25.833 align:left position:10% line:89% size:80% I'm sure there's viewers that 15:25.833 --> 15:27.000 align:left position:10% line:89% size:80% maybe you went to the doctor 15:27.000 --> 15:28.500 align:left position:10% line:89% size:80% for something you thought your 15:28.500 --> 15:32.400 align:left position:10% line:89% size:80% copay was paid or you didn't 15:32.400 --> 15:33.133 align:left position:10% line:89% size:80% have a copay and all of a 15:33.133 --> 15:35.033 align:left position:10% line:89% size:80% sudden you get a bill or a 15:35.033 --> 15:37.800 align:left position:10% line:89% size:80% collection letter you didn't 15:37.800 --> 15:38.566 align:left position:10% line:89% size:80% even realize that it wasn't 15:38.566 --> 15:38.833 align:left position:10% line:89% size:80% paid. 15:38.833 --> 15:39.800 align:left position:10% line:89% size:80% A demand letter is kind of the 15:39.800 --> 15:40.333 align:left position:10% line:89% size:80% same purpose. 15:40.333 --> 15:44.066 align:left position:10% line:89% size:80% It's to notify that person hey, 15:44.066 --> 15:45.066 align:left position:10% line:89% size:80% maybe you weren't aware of this 15:45.066 --> 15:45.833 align:left position:10% line:89% size:80% but this account's been turned 15:45.833 --> 15:46.100 align:left position:10% line:89% size:80% over. 15:46.100 --> 15:49.600 align:left position:10% line:89% size:80% It's showing unpaid. 15:49.600 --> 15:51.000 align:left position:10% line:89% size:80% If you have paid this we can 15:51.000 --> 15:51.766 align:left position:10% line:89% size:80% let's work it out. 15:51.766 --> 15:55.500 align:left position:10% line:89% size:80% Let's see where we're things 15:55.500 --> 15:56.000 align:left position:10% line:89% size:80% went wrong. 15:56.000 --> 15:57.433 align:left position:10% line:89% size:80% It just gives them an 15:57.433 --> 16:01.000 align:left position:10% line:89% size:80% opportunity to sort of get all 16:01.000 --> 16:02.266 align:left position:10% line:89% size:80% the information they needed 16:02.266 --> 16:02.800 align:left position:10% line:89% size:80% before they would pay. 16:02.800 --> 16:03.933 align:left position:10% line:89% size:80% The last thing we would want is 16:03.933 --> 16:04.933 align:left position:10% line:89% size:80% for someone to pay a debt 16:04.933 --> 16:07.466 align:left position:10% line:89% size:80% that's already been paid or 16:07.466 --> 16:08.600 align:left position:10% line:89% size:80% that they really don't know. 16:08.600 --> 16:08.966 align:left position:10% line:89% size:80% >> Right? 16:08.966 --> 16:10.333 align:left position:10% line:89% size:80% Yeah, I get that actually Amy, 16:10.333 --> 16:13.866 align:left position:10% line:89% size:80% there was a situation once when 16:13.866 --> 16:15.400 align:left position:10% line:89% size:80% I had a medical appointment and 16:15.400 --> 16:20.166 align:left position:10% line:89% size:80% I paid my copay there in cash 16:20.166 --> 16:25.166 align:left position:10% line:89% size:80% or whatever and fortunately I 16:25.166 --> 16:26.666 align:left position:10% line:89% size:80% kept the little receipt well a 16:26.666 --> 16:28.700 align:left position:10% line:89% size:80% month or so later then I got a 16:28.700 --> 16:31.466 align:left position:10% line:89% size:80% bill from that hospital or 16:31.466 --> 16:32.466 align:left position:10% line:89% size:80% wherever it was, you know, that 16:32.466 --> 16:33.600 align:left position:10% line:89% size:80% I owed this much for the copay 16:33.600 --> 16:37.133 align:left position:10% line:89% size:80% and what I called him up and 16:37.133 --> 16:38.266 align:left position:10% line:89% size:80% said no I don't I paid the 16:38.266 --> 16:38.466 align:left position:10% line:89% size:80% copay. 16:38.466 --> 16:39.633 align:left position:10% line:89% size:80% Well, fortunately I had my 16:39.633 --> 16:43.133 align:left position:10% line:89% size:80% little paper receipt which I 16:43.133 --> 16:44.300 align:left position:10% line:89% size:80% copied and sent to him and they 16:44.300 --> 16:44.933 align:left position:10% line:89% size:80% were like Oh we're sorry. 16:44.933 --> 16:49.200 align:left position:10% line:89% size:80% It must have been an error. 16:49.200 --> 16:50.233 align:left position:10% line:89% size:80% >> It's a computer error. 16:50.233 --> 16:51.966 align:left position:10% line:89% size:80% You can go see Andy Coulson got 16:51.966 --> 16:55.000 align:left position:10% line:89% size:80% your copay paymen. 16:55.000 --> 16:56.000 align:left position:10% line:89% size:80% Maybe that was it. 16:56.000 --> 16:56.766 align:left position:10% line:89% size:80% Maybe that was it. 16:56.766 --> 17:00.000 align:left position:10% line:89% size:80% OK, Amy now what if this is 17:00.000 --> 17:00.833 align:left position:10% line:89% size:80% theoretical business that I 17:00.833 --> 17:01.033 align:left position:10% line:89% size:80% have? 17:01.033 --> 17:02.366 align:left position:10% line:89% size:80% What if I'm trying to collect 17:02.366 --> 17:06.366 align:left position:10% line:89% size:80% from somebody and and working 17:06.366 --> 17:08.033 align:left position:10% line:89% size:80% with an attorney to to get that 17:08.033 --> 17:08.233 align:left position:10% line:89% size:80% done? 17:08.233 --> 17:09.200 align:left position:10% line:89% size:80% Do I have to put my business 17:09.200 --> 17:09.900 align:left position:10% line:89% size:80% name in there? 17:09.900 --> 17:12.900 align:left position:10% line:89% size:80% What if I don't want to because 17:12.900 --> 17:13.500 align:left position:10% line:89% size:80% I'm going out of business? 17:13.500 --> 17:14.533 align:left position:10% line:89% size:80% >> Yeah you don't you don't 17:14.533 --> 17:17.800 align:left position:10% line:89% size:80% necessarily need to do that one 17:17.800 --> 17:19.333 align:left position:10% line:89% size:80% of the things that we will do 17:19.333 --> 17:20.066 align:left position:10% line:89% size:80% for our clients because 17:20.066 --> 17:21.600 align:left position:10% line:89% size:80% reputation is everything for a 17:21.600 --> 17:24.366 align:left position:10% line:89% size:80% lot of businesses, especially 17:24.366 --> 17:25.500 align:left position:10% line:89% size:80% small business owners, some out 17:25.500 --> 17:25.833 align:left position:10% line:89% size:80% of principle. 17:25.833 --> 17:26.900 align:left position:10% line:89% size:80% They want their name on there. 17:26.900 --> 17:30.400 align:left position:10% line:89% size:80% But like you said, some what we 17:30.400 --> 17:31.533 align:left position:10% line:89% size:80% can do is we can have we could 17:31.533 --> 17:32.933 align:left position:10% line:89% size:80% have our client or the business 17:32.933 --> 17:35.933 align:left position:10% line:89% size:80% sign what's called assignment 17:35.933 --> 17:36.933 align:left position:10% line:89% size:80% which essentially assigns that 17:36.933 --> 17:41.966 align:left position:10% line:89% size:80% debt to our collection. 17:41.966 --> 17:43.233 align:left position:10% line:89% size:80% We can actually file suit in 17:43.233 --> 17:43.500 align:left position:10% line:89% size:80% the name. 17:43.500 --> 17:44.733 align:left position:10% line:89% size:80% So the plaintiff name would not 17:44.733 --> 17:47.733 align:left position:10% line:89% size:80% be that business that would 17:47.733 --> 17:48.733 align:left position:10% line:89% size:80% actually be our collection 17:48.733 --> 17:49.266 align:left position:10% line:89% size:80% agency, you name it. 17:49.266 --> 17:50.900 align:left position:10% line:89% size:80% >> And we do find that some 17:50.900 --> 17:53.900 align:left position:10% line:89% size:80% clients do prefer that just 17:53.900 --> 17:55.300 align:left position:10% line:89% size:80% because it does allow a little 17:55.300 --> 17:56.833 align:left position:10% line:89% size:80% more an anonymity but that is 17:56.833 --> 18:00.133 align:left position:10% line:89% size:80% an option. 18:00.133 --> 18:01.166 align:left position:10% line:89% size:80% >> OK, all right. 18:01.166 --> 18:02.033 align:left position:10% line:89% size:80% It's nice to know that there 18:02.033 --> 18:02.533 align:left position:10% line:89% size:80% are different options. 18:02.533 --> 18:04.933 align:left position:10% line:89% size:80% How long is this process going 18:04.933 --> 18:05.700 align:left position:10% line:89% size:80% to take, Amy? 18:05.700 --> 18:06.700 align:left position:10% line:89% size:80% That I'm going after someone 18:06.700 --> 18:07.966 align:left position:10% line:89% size:80% that owns my business and I'm 18:07.966 --> 18:11.466 align:left position:10% line:89% size:80% trying to collect that money? 18:11.466 --> 18:12.866 align:left position:10% line:89% size:80% >> Is it going to be a week? 18:12.866 --> 18:13.866 align:left position:10% line:89% size:80% A year what? 18:13.866 --> 18:18.000 align:left position:10% line:89% size:80% So attorneys like to use the 18:18.000 --> 18:18.200 align:left position:10% line:89% size:80% term? 18:18.200 --> 18:19.266 align:left position:10% line:89% size:80% It depends probably often this 18:19.266 --> 18:23.266 align:left position:10% line:89% size:80% is one where it depends to 18:23.266 --> 18:23.533 align:left position:10% line:89% size:80% apply. 18:23.533 --> 18:24.666 align:left position:10% line:89% size:80% There's generally a 30 day 18:24.666 --> 18:26.066 align:left position:10% line:89% size:80% window from when we send that 18:26.066 --> 18:29.600 align:left position:10% line:89% size:80% initial demand letter and if a 18:29.600 --> 18:30.733 align:left position:10% line:89% size:80% client says I just want to go 18:30.733 --> 18:31.500 align:left position:10% line:89% size:80% straight to sue immediately 18:31.500 --> 18:35.266 align:left position:10% line:89% size:80% we're going to have a 30 window 18:35.266 --> 18:36.166 align:left position:10% line:89% size:80% where we send that demand 18:36.166 --> 18:36.400 align:left position:10% line:89% size:80% letter. 18:36.400 --> 18:37.433 align:left position:10% line:89% size:80% And just so you know, I 18:37.433 --> 18:38.933 align:left position:10% line:89% size:80% mentioned earlier we've got 18:38.933 --> 18:41.933 align:left position:10% line:89% size:80% some programs and other things 18:41.933 --> 18:43.700 align:left position:10% line:89% size:80% available that we can do 18:43.700 --> 18:47.466 align:left position:10% line:89% size:80% because we have to do all that 18:47.466 --> 18:48.066 align:left position:10% line:89% size:80% preliminary work but we can 18:48.066 --> 18:49.500 align:left position:10% line:89% size:80% roll through that, send a 18:49.500 --> 18:53.133 align:left position:10% line:89% size:80% demand letter from the time we 18:53.133 --> 18:54.033 align:left position:10% line:89% size:80% file suit there has to be that 18:54.033 --> 18:55.166 align:left position:10% line:89% size:80% initial hearing that gets set 18:55.166 --> 18:58.933 align:left position:10% line:89% size:80% so that we can if we're going 18:58.933 --> 18:59.733 align:left position:10% line:89% size:80% to have to pursue judgment 18:59.733 --> 19:00.800 align:left position:10% line:89% size:80% through trial, if we're going 19:00.800 --> 19:04.800 align:left position:10% line:89% size:80% to if we can reach an agreement 19:04.800 --> 19:05.300 align:left position:10% line:89% size:80% with that party. 19:05.300 --> 19:06.066 align:left position:10% line:89% size:80% So that's where the 19:06.066 --> 19:06.833 align:left position:10% line:89% size:80% independence falls into. 19:06.833 --> 19:11.100 align:left position:10% line:89% size:80% We've had some like I said more 19:11.100 --> 19:11.866 align:left position:10% line:89% size:80% often than you than you think 19:11.866 --> 19:13.000 align:left position:10% line:89% size:80% we'll send that demand letter 19:13.000 --> 19:16.533 align:left position:10% line:89% size:80% and it's paid I mean they'll 19:16.533 --> 19:17.666 align:left position:10% line:89% size:80% get the demand letter and a 19:17.666 --> 19:18.433 align:left position:10% line:89% size:80% defendant says I don't want to 19:18.433 --> 19:18.800 align:left position:10% line:89% size:80% deal with this. 19:18.800 --> 19:21.466 align:left position:10% line:89% size:80% I don't I don't want it on my 19:21.466 --> 19:21.700 align:left position:10% line:89% size:80% credit. 19:21.700 --> 19:22.966 align:left position:10% line:89% size:80% I don't want to go to court. 19:22.966 --> 19:23.966 align:left position:10% line:89% size:80% I just want to pay it. 19:23.966 --> 19:27.733 align:left position:10% line:89% size:80% We have some they don't ignore 19:27.733 --> 19:28.233 align:left position:10% line:89% size:80% the letter. 19:28.233 --> 19:29.533 align:left position:10% line:89% size:80% >> We file suit and then they 19:29.533 --> 19:31.033 align:left position:10% line:89% size:80% realize OK, they're serious and 19:31.033 --> 19:47.033 align:left position:10% line:89% size:80% they write 19:47.033 --> 19:50.766 align:left position:10% line:89% size:80% them realizing that would this 19:50.766 --> 19:51.800 align:left position:10% line:89% size:80% go on your credit report? 19:51.800 --> 19:52.933 align:left position:10% line:89% size:80% I mean if you were slow and 19:52.933 --> 19:53.700 align:left position:10% line:89% size:80% paying back or not paying back, 19:53.700 --> 19:54.466 align:left position:10% line:89% size:80% is that going to affect your 19:54.466 --> 19:54.800 align:left position:10% line:89% size:80% credit report? 19:54.800 --> 19:55.733 align:left position:10% line:89% size:80% >> So that's going to depend on 19:55.733 --> 19:56.600 align:left position:10% line:89% size:80% the on the client too and the 19:56.600 --> 19:57.133 align:left position:10% line:89% size:80% business some collection 19:57.133 --> 19:57.733 align:left position:10% line:89% size:80% agencies will report to the 19:57.733 --> 19:58.066 align:left position:10% line:89% size:80% credit bureau. 19:58.066 --> 19:58.733 align:left position:10% line:89% size:80% Some clients will report to the 19:58.733 --> 19:59.266 align:left position:10% line:89% size:80% credit bureau themselves. 19:59.266 --> 20:00.000 align:left position:10% line:89% size:80% The one thing that will will 20:00.000 --> 20:03.500 align:left position:10% line:89% size:80% will fall and on will be once a 20:03.500 --> 20:04.533 align:left position:10% line:89% size:80% judgment is obtained that 20:04.533 --> 20:09.033 align:left position:10% line:89% size:80% judgment will show and attach 20:09.033 --> 20:09.800 align:left position:10% line:89% size:80% to property. 20:09.800 --> 20:12.200 align:left position:10% line:89% size:80% >> So if you own a home or you 20:12.200 --> 20:15.700 align:left position:10% line:89% size:80% own multiple homes and 20:15.700 --> 20:16.466 align:left position:10% line:89% size:80% judgments obtain that can 20:16.466 --> 20:16.700 align:left position:10% line:89% size:80% attach. 20:16.700 --> 20:18.233 align:left position:10% line:89% size:80% >> And so if you got to the 20:18.233 --> 20:19.733 align:left position:10% line:89% size:80% point of selling your house 20:19.733 --> 20:22.500 align:left position:10% line:89% size:80% that would show up as a lean 20:22.500 --> 20:23.766 align:left position:10% line:89% size:80% and need to fight before you 20:23.766 --> 20:27.533 align:left position:10% line:89% size:80% could sell your property. 20:27.533 --> 20:28.800 align:left position:10% line:89% size:80% OK, now let's say I'm not 20:28.800 --> 20:30.200 align:left position:10% line:89% size:80% having much luck nor is my 20:30.200 --> 20:33.466 align:left position:10% line:89% size:80% attorney and collecting this 20:33.466 --> 20:34.600 align:left position:10% line:89% size:80% money that's owed to me can I 20:34.600 --> 20:36.000 align:left position:10% line:89% size:80% go after their assets or their 20:36.000 --> 20:40.000 align:left position:10% line:89% size:80% home or even with their spouse? 20:40.000 --> 20:41.766 align:left position:10% line:89% size:80% >> So there are a lot of times 20:41.766 --> 20:44.766 align:left position:10% line:89% size:80% we get that question unless the 20:44.766 --> 20:45.800 align:left position:10% line:89% size:80% spouse is involved meaning 20:45.800 --> 20:50.566 align:left position:10% line:89% size:80% their name is on the bill, 20:50.566 --> 20:51.833 align:left position:10% line:89% size:80% their names on a contract 20:51.833 --> 20:53.333 align:left position:10% line:89% size:80% generally know the individual 20:53.333 --> 20:57.733 align:left position:10% line:89% size:80% now if you had a business that 20:57.733 --> 20:58.600 align:left position:10% line:89% size:80% owed you money but maybe you've 20:58.600 --> 21:00.433 align:left position:10% line:89% size:80% got a personal guarantee signed 21:00.433 --> 21:03.700 align:left position:10% line:89% size:80% by the business owner, even the 21:03.700 --> 21:04.333 align:left position:10% line:89% size:80% business owner spouse then in 21:04.333 --> 21:05.500 align:left position:10% line:89% size:80% that case, yes, you can go 21:05.500 --> 21:10.000 align:left position:10% line:89% size:80% after anybody that signed on on 21:10.000 --> 21:10.633 align:left position:10% line:89% size:80% the dotted line. 21:10.633 --> 21:11.766 align:left position:10% line:89% size:80% A lot of times we'll get people 21:11.766 --> 21:13.800 align:left position:10% line:89% size:80% that will say well they don't 21:13.800 --> 21:16.666 align:left position:10% line:89% size:80% own the house but they own a 21:16.666 --> 21:16.833 align:left position:10% line:89% size:80% car. 21:16.833 --> 21:17.700 align:left position:10% line:89% size:80% Can I go get their car? 21:17.700 --> 21:19.566 align:left position:10% line:89% size:80% And that's all into again when 21:19.566 --> 21:21.566 align:left position:10% line:89% size:80% we talk assets and is it really 21:21.566 --> 21:22.466 align:left position:10% line:89% size:80% worth is it worth the time and 21:22.466 --> 21:22.666 align:left position:10% line:89% size:80% money? 21:22.666 --> 21:23.733 align:left position:10% line:89% size:80% What's the value of the car? 21:23.733 --> 21:27.733 align:left position:10% line:89% size:80% What's the condition of the 21:27.733 --> 21:28.000 align:left position:10% line:89% size:80% car? 21:28.000 --> 21:29.133 align:left position:10% line:89% size:80% Is it locally selling in 21:29.133 --> 21:30.300 align:left position:10% line:89% size:80% Indiana or is there going to be 21:30.300 --> 21:32.066 align:left position:10% line:89% size:80% costs that are associated to 21:32.066 --> 21:34.066 align:left position:10% line:89% size:80% trying bring it back? 21:34.066 --> 21:35.566 align:left position:10% line:89% size:80% So that's going to mean it 21:35.566 --> 21:37.066 align:left position:10% line:89% size:80% depends also you're not 21:37.066 --> 21:40.100 align:left position:10% line:89% size:80% automatically entitled to any 21:40.100 --> 21:41.233 align:left position:10% line:89% size:80% other assets unless it is part 21:41.233 --> 21:41.733 align:left position:10% line:89% size:80% of the contract. 21:41.733 --> 21:45.500 align:left position:10% line:89% size:80% It was that your agreement was 21:45.500 --> 21:46.033 align:left position:10% line:89% size:80% secured by those assets. 21:46.033 --> 21:47.133 align:left position:10% line:89% size:80% >> I say OK, all right. 21:47.133 --> 21:51.166 align:left position:10% line:89% size:80% Well that clarifies a lot 21:51.166 --> 21:52.066 align:left position:10% line:89% size:80% of those things that I was 21:52.066 --> 21:53.066 align:left position:10% line:89% size:80% thinking if I want to change 21:53.066 --> 21:56.866 align:left position:10% line:89% size:80% topics just a little bit Amy, 21:56.866 --> 21:58.000 align:left position:10% line:89% size:80% in this day and age it seems 21:58.000 --> 21:59.100 align:left position:10% line:89% size:80% like there are more and more 21:59.100 --> 22:02.966 align:left position:10% line:89% size:80% scams out there due to, you 22:02.966 --> 22:04.466 align:left position:10% line:89% size:80% know, the world being so techie 22:04.466 --> 22:08.733 align:left position:10% line:89% size:80% right now and scammers become 22:08.733 --> 22:09.500 align:left position:10% line:89% size:80% more sophisticated, more 22:09.500 --> 22:10.266 align:left position:10% line:89% size:80% international, more convincing 22:10.266 --> 22:15.266 align:left position:10% line:89% size:80% and a whole lot of things like 22:15.266 --> 22:15.533 align:left position:10% line:89% size:80% that. 22:15.533 --> 22:17.466 align:left position:10% line:89% size:80% >> Now let's say that I get a 22:17.466 --> 22:21.200 align:left position:10% line:89% size:80% letter or an email that says 22:21.200 --> 22:23.000 align:left position:10% line:89% size:80% you owe us X amount of dollars 22:23.000 --> 22:27.500 align:left position:10% line:89% size:80% and it sounds real official and 22:27.500 --> 22:28.133 align:left position:10% line:89% size:80% maybe they even have some 22:28.133 --> 22:29.166 align:left position:10% line:89% size:80% letterhead on there or whatever 22:29.166 --> 22:29.433 align:left position:10% line:89% size:80% else. 22:29.433 --> 22:32.433 align:left position:10% line:89% size:80% But I'm thinking I don't owe 22:32.433 --> 22:33.033 align:left position:10% line:89% size:80% them any money. 22:33.033 --> 22:34.433 align:left position:10% line:89% size:80% >> How can I write this or what 22:34.433 --> 22:37.933 align:left position:10% line:89% size:80% should I do if are scams like 22:37.933 --> 22:38.200 align:left position:10% line:89% size:80% that? 22:38.200 --> 22:39.233 align:left position:10% line:89% size:80% >> So you're exactly right. 22:39.233 --> 22:40.600 align:left position:10% line:89% size:80% They're getting so much more 22:40.600 --> 22:40.933 align:left position:10% line:89% size:80% sophisticated. 22:40.933 --> 22:44.733 align:left position:10% line:89% size:80% I find it on my phone. 22:44.733 --> 22:46.233 align:left position:10% line:89% size:80% I even get texts telling me 22:46.233 --> 22:49.500 align:left position:10% line:89% size:80% your package wasn't delivered 22:49.500 --> 22:50.900 align:left position:10% line:89% size:80% from Amazon or from FedEx, you 22:50.900 --> 22:51.933 align:left position:10% line:89% size:80% know, regular places that I 22:51.933 --> 22:55.933 align:left position:10% line:89% size:80% shop at and and it is very 22:55.933 --> 22:57.066 align:left position:10% line:89% size:80% tempting to want to click on a 22:57.066 --> 22:57.266 align:left position:10% line:89% size:80% link. 22:57.266 --> 22:58.966 align:left position:10% line:89% size:80% Letters are very convincing at 22:58.966 --> 23:02.033 align:left position:10% line:89% size:80% this point. 23:02.033 --> 23:03.300 align:left position:10% line:89% size:80% The first thing I would say is 23:03.300 --> 23:04.533 align:left position:10% line:89% size:80% if you get a letter and it 23:04.533 --> 23:06.566 align:left position:10% line:89% size:80% doesn't sound familiar to you 23:06.566 --> 23:08.100 align:left position:10% line:89% size:80% pause and and make sure you're 23:08.100 --> 23:09.466 align:left position:10% line:89% size:80% reading all the detail on it. 23:09.466 --> 23:14.000 align:left position:10% line:89% size:80% If it doesn't pass your gut 23:14.000 --> 23:14.766 align:left position:10% line:89% size:80% check, there's a good chance 23:14.766 --> 23:15.300 align:left position:10% line:89% size:80% something isn't correct. 23:15.300 --> 23:17.433 align:left position:10% line:89% size:80% You could call there's I'm sure 23:17.433 --> 23:19.700 align:left position:10% line:89% size:80% there's going to be contact 23:19.700 --> 23:20.200 align:left position:10% line:89% size:80% information on it. 23:20.200 --> 23:21.833 align:left position:10% line:89% size:80% But if you think it's going to 23:21.833 --> 23:26.100 align:left position:10% line:89% size:80% be a scam what you can do I 23:26.100 --> 23:26.866 align:left position:10% line:89% size:80% mentioned that we send a demand 23:26.866 --> 23:27.300 align:left position:10% line:89% size:80% letter for example. 23:27.300 --> 23:28.500 align:left position:10% line:89% size:80% That's a requirement 23:28.500 --> 23:31.266 align:left position:10% line:89% size:80% for everyone you could contact 23:31.266 --> 23:32.266 align:left position:10% line:89% size:80% that that entity and say show 23:32.266 --> 23:32.766 align:left position:10% line:89% size:80% me proof. 23:32.766 --> 23:37.266 align:left position:10% line:89% size:80% I don't recall that this is 23:37.266 --> 23:37.533 align:left position:10% line:89% size:80% mine. 23:37.533 --> 23:38.533 align:left position:10% line:89% size:80% Show me the proof of the 23:38.533 --> 23:39.200 align:left position:10% line:89% size:80% service that was provided and 23:39.200 --> 23:41.066 align:left position:10% line:89% size:80% they are required to do that if 23:41.066 --> 23:44.100 align:left position:10% line:89% size:80% they don't, they do not have a 23:44.100 --> 23:44.633 align:left position:10% line:89% size:80% fair claim against you. 23:44.633 --> 23:46.500 align:left position:10% line:89% size:80% The other thing to be careful 23:46.500 --> 23:49.766 align:left position:10% line:89% size:80% about is that there are some 23:49.766 --> 23:50.400 align:left position:10% line:89% size:80% collection agencies and we 23:50.400 --> 23:51.300 align:left position:10% line:89% size:80% personally don't do this 23:51.300 --> 23:55.066 align:left position:10% line:89% size:80% but they buy and sell debt and 23:55.066 --> 23:56.333 align:left position:10% line:89% size:80% so there are you need to be 23:56.333 --> 23:56.566 align:left position:10% line:89% size:80% careful. 23:56.566 --> 23:57.466 align:left position:10% line:89% size:80% Like you mentioned, you may 23:57.466 --> 24:01.266 align:left position:10% line:89% size:80% have paid your bill somehow it 24:01.266 --> 24:02.166 align:left position:10% line:89% size:80% didn't get marked correctly and 24:02.166 --> 24:03.066 align:left position:10% line:89% size:80% it gets this debt gets sold to 24:03.066 --> 24:03.433 align:left position:10% line:89% size:80% another agency. 24:03.433 --> 24:04.700 align:left position:10% line:89% size:80% Now you're getting a letter 24:04.700 --> 24:07.966 align:left position:10% line:89% size:80% from that so always try to keep 24:07.966 --> 24:08.400 align:left position:10% line:89% size:80% good records. 24:08.400 --> 24:09.400 align:left position:10% line:89% size:80% The state of Indiana actually 24:09.400 --> 24:10.900 align:left position:10% line:89% size:80% has a consumer protection 24:10.900 --> 24:13.166 align:left position:10% line:89% size:80% bureau. 24:13.166 --> 24:14.533 align:left position:10% line:89% size:80% I would recommend if you do end 24:14.533 --> 24:15.300 align:left position:10% line:89% size:80% up doing your due diligence and 24:15.300 --> 24:16.466 align:left position:10% line:89% size:80% it just doesn't smell right, 24:16.466 --> 24:19.700 align:left position:10% line:89% size:80% you could report that and they 24:19.700 --> 24:20.333 align:left position:10% line:89% size:80% can inquire on that. 24:20.333 --> 24:21.000 align:left position:10% line:89% size:80% Also Indian is really 24:21.000 --> 24:22.233 align:left position:10% line:89% size:80% interested in trying to make 24:22.233 --> 24:25.266 align:left position:10% line:89% size:80% sure that consumers are 24:25.266 --> 24:26.133 align:left position:10% line:89% size:80% protected in these scams. 24:26.133 --> 24:27.266 align:left position:10% line:89% size:80% Scammers recognize the Indian 24:27.266 --> 24:31.533 align:left position:10% line:89% size:80% as a tough state and they 24:31.533 --> 24:32.433 align:left position:10% line:89% size:80% hopefully stay away from it. 24:32.433 --> 24:33.600 align:left position:10% line:89% size:80% >> But there's there's a lot I 24:33.600 --> 24:35.100 align:left position:10% line:89% size:80% know we've had the Better 24:35.100 --> 24:37.366 align:left position:10% line:89% size:80% Business Bureau in LIFE Ahead 24:37.366 --> 24:38.266 align:left position:10% line:89% size:80% here and and their 24:38.266 --> 24:39.400 align:left position:10% line:89% size:80% recommendation is always if you 24:39.400 --> 24:43.166 align:left position:10% line:89% size:80% don't know who's calling drain 24:43.166 --> 24:44.833 align:left position:10% line:89% size:80% and answer the phone if you get 24:44.833 --> 24:48.566 align:left position:10% line:89% size:80% an e-mail and it's not familiar 24:48.566 --> 24:50.200 align:left position:10% line:89% size:80% to you don't even open the 24:50.200 --> 24:51.100 align:left position:10% line:89% size:80% email or you might get on a 24:51.100 --> 24:51.300 align:left position:10% line:89% size:80% list. 24:51.300 --> 24:54.866 align:left position:10% line:89% size:80% Amy, your time is gone so fast 24:54.866 --> 24:56.166 align:left position:10% line:89% size:80% we're down to about a minute 24:56.166 --> 24:56.700 align:left position:10% line:89% size:80% now unfortunately because 24:56.700 --> 24:57.433 align:left position:10% line:89% size:80% there's so much more I'd like 24:57.433 --> 24:59.433 align:left position:10% line:89% size:80% to know so hopefully we can 24:59.433 --> 25:02.033 align:left position:10% line:89% size:80% address some of these issues 25:02.033 --> 25:02.800 align:left position:10% line:89% size:80% again another time and in a 25:02.800 --> 25:03.700 align:left position:10% line:89% size:80% minute or forty five seconds. 25:03.700 --> 25:07.700 align:left position:10% line:89% size:80% Amy, what advice would you give 25:07.700 --> 25:08.600 align:left position:10% line:89% size:80% to our viewers to help them 25:08.600 --> 25:09.866 align:left position:10% line:89% size:80% through a crisis like this if 25:09.866 --> 25:13.633 align:left position:10% line:89% size:80% somebody owes them money or or 25:13.633 --> 25:14.266 align:left position:10% line:89% size:80% they're trying to collect 25:14.266 --> 25:14.466 align:left position:10% line:89% size:80% money? 25:14.466 --> 25:16.033 align:left position:10% line:89% size:80% >> You and I would say for both 25:16.033 --> 25:19.800 align:left position:10% line:89% size:80% sides the best thing you can do 25:19.800 --> 25:21.433 align:left position:10% line:89% size:80% is try and see if either side 25:21.433 --> 25:25.700 align:left position:10% line:89% size:80% as a creditor rights attorney 25:25.700 --> 25:26.600 align:left position:10% line:89% size:80% my job is to represent my 25:26.600 --> 25:27.500 align:left position:10% line:89% size:80% client and make sure that we do 25:27.500 --> 25:28.633 align:left position:10% line:89% size:80% everything we possibly can to 25:28.633 --> 25:30.366 align:left position:10% line:89% size:80% get that money recovered 25:30.366 --> 25:30.900 align:left position:10% line:89% size:80% for that individual. 25:30.900 --> 25:32.266 align:left position:10% line:89% size:80% But we also at the same time 25:32.266 --> 25:34.300 align:left position:10% line:89% size:80% want to make sure that it's 25:34.300 --> 25:36.533 align:left position:10% line:89% size:80% valid. 25:36.533 --> 25:37.833 align:left position:10% line:89% size:80% The last thing to do and I 25:37.833 --> 25:38.833 align:left position:10% line:89% size:80% think I really appreciate the 25:38.833 --> 25:42.333 align:left position:10% line:89% size:80% clients that I have it's like 25:42.333 --> 25:43.600 align:left position:10% line:89% size:80% we mentioned it's been a tough 25:43.600 --> 25:45.000 align:left position:10% line:89% size:80% couple 18 20 how many months 25:45.000 --> 25:48.500 align:left position:10% line:89% size:80% it's been now just 25:48.500 --> 25:49.033 align:left position:10% line:89% size:80% communication's key. 25:49.033 --> 25:49.933 align:left position:10% line:89% size:80% So whether you're the creditor 25:49.933 --> 25:51.166 align:left position:10% line:89% size:80% or you're the person that owes 25:51.166 --> 25:54.666 align:left position:10% line:89% size:80% the money, try to communicate 25:54.666 --> 25:55.700 align:left position:10% line:89% size:80% with the person with the money. 25:55.700 --> 25:56.700 align:left position:10% line:89% size:80% You'll find that generally 25:56.700 --> 26:00.300 align:left position:10% line:89% size:80% those clients just they just 26:00.300 --> 26:01.300 align:left position:10% line:89% size:80% paid but they're willing to 26:01.300 --> 26:01.933 align:left position:10% line:89% size:80% work with you and that's 26:01.933 --> 26:03.200 align:left position:10% line:89% size:80% certainly good advice and it's 26:03.200 --> 26:06.200 align:left position:10% line:89% size:80% good some of the 26:06.200 --> 26:07.233 align:left position:10% line:89% size:80% recommendations that he's given 26:07.233 --> 26:08.000 align:left position:10% line:89% size:80% us that there are sometimes 26:08.000 --> 26:09.500 align:left position:10% line:89% size:80% alternatives to being real hard 26:09.500 --> 26:11.766 align:left position:10% line:89% size:80% nosed and suing them. 26:11.766 --> 26:13.166 align:left position:10% line:89% size:80% You might be able to work it 26:13.166 --> 26:14.166 align:left position:10% line:89% size:80% out with an attorney helping 26:14.166 --> 26:14.433 align:left position:10% line:89% size:80% you. 26:14.433 --> 26:17.666 align:left position:10% line:89% size:80% I hate it. 26:17.666 --> 26:18.533 align:left position:10% line:89% size:80% Our time's gone. 26:18.533 --> 26:19.166 align:left position:10% line:89% size:80% Already been Amy. 26:19.166 --> 26:20.066 align:left position:10% line:89% size:80% I hope you'll come back again 26:20.066 --> 26:21.166 align:left position:10% line:89% size:80% and we're going to really 26:21.166 --> 26:23.700 align:left position:10% line:89% size:80% explore scam some night too. 26:23.700 --> 26:24.833 align:left position:10% line:89% size:80% >> I want to yeah. 26:24.833 --> 26:26.466 align:left position:10% line:89% size:80% I want to thank Amy Thompson 26:26.466 --> 26:30.000 align:left position:10% line:89% size:80% once again for being with us 26:30.000 --> 26:30.866 align:left position:10% line:89% size:80% here tonight on LIFE Ahead and 26:30.866 --> 26:31.633 align:left position:10% line:89% size:80% I hope you'll watch us next 26:31.633 --> 26:32.166 align:left position:10% line:89% size:80% Wednesday night at seven 26:32.166 --> 26:32.400 align:left position:10% line:89% size:80% thirty. 26:32.400 --> 26:35.900 align:left position:10% line:89% size:80% We'll have a new topic and some 26:35.900 --> 26:37.033 align:left position:10% line:89% size:80% new guests and have a lot 26:37.033 --> 26:37.633 align:left position:10% line:89% size:80% of information to share with 26:37.633 --> 26:37.800 align:left position:10% line:89% size:80% you. 26:37.800 --> 26:38.933 align:left position:10% line:89% size:80% Meanwhile, have a great night 26:38.933 --> 26:41.400 align:left position:10% line:89% size:80% and stay safe