[BNM] Harsh economic times - protecting ones interests

[John Thompson]

I would recommend you take legal action now. If they are struggling  
financially, they are almost prioritising payment of debts. The best  
way to get yourself to the top of that list is, in the first place, a  
serious-looking warning letter (try thomashiggins.com) and then court  
action.

Once they go into liquidation, you will be very lucky to get even a  
fraction of what you are owed (unless they have a lot of liquidable  
assets and only a few debts).

On 2 Dec 2008, at 13:19, matt zb wrote:

>
> Hi BNM,
>
> Some freelancing advice required.
>
> I've got a client, who owes me a considerable amount of money, who I  
> suspect
> are struggling quite a bit cashflow-wise. They are very over-due on  
> invoices
> and are reacting very badly to enquiries.
>
> Is there anything I can do to ensure I get paid if they were to go  
> under, or
> would receivers take care of that? I'm also worried that if I were  
> to start
> any action against them it might push them over the edge.
>
> Your thoughts appreciated.
>
>
> matt zb
>
>
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John Thompson
Managing Director
Mousetrap Media Ltd
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