Yet Another Promissory Note Question(s)
Aug 16, 2011 6:27 pm
When a firm hires an outside attorney to collect your outstanding note; How are they typically paid ? Hourly / Flat Rate / Conting. based on collection ?
Any insight would be appreciated. Thanks
Aug 17, 2011 7:46 pm
look up the firm, see what they do.
That being said, collections is almost always a percentage.
Aug 26, 2011 1:37 am
[quote=JoeyBags]
When a firm hires an outside attorney to collect your outstanding note; How are they typically paid ? Hourly / Flat Rate / Conting. based on collection ?
Any insight would be appreciated. Thanks
[/quote]
What is the relevance of that issue? I know a firm that chases down FA's that gets paid in live chickens.
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