Write-off debt and release the client

Reference no: EM132479100

Question 1: If the outstanding debt is greater than $ , always turn over to litigation when the debt becomes days past due. (Note that when se- cured by a mechanics 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 litigation if the debt is secured by a mechanics lien, a UCC lien, a per- sonal guarantee, a joint-check agreement, or any other security.

Question 3: If the outstanding debt is between $ , and $ , send to litigation if the debt is secured by a mechanics lien, or a UCC lien only.

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

Reference no: EM132479100

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