Determine the write-off debt and release the client

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Reference no: EM132475990

Question 1. If the outstanding debt is greater than $ _________________, always turn over to legal action when the debt becomes _____________ days past due. (Note that when secured by a lien, the date by which legal proceedings must be initiated before the lien expires is set by statute).

Question 2. If the outstanding debt is between $ __________________, and $ ________________, send to legal action if the debt is secured by a personal guarantee, a joint-check agreement, or any other security.

Question 3. If the outstanding debt is between $ __________________, and $ ________________, send to legal action if the debt is secured.

Question 4. If the debt is $ __________________, or below, write-off debt and release the client.

Reference no: EM132475990

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