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The client might not have the cash on hand to pay right away (this is a concern in the construction sector where milestone payments are typical or in the rural / farming sector where income is dependant on seasonal crop harvesting). . As a result, it is significantly safer than an unsecured creditor in the case of insolvency. .
Midland CreditManagement, Inc. Creditor ID Claims—A Mixed Bag. Justice Barrett sat on two different panels that reviewed the issue of whether the debt collector sufficiently identified the creditor to whom the debt is owed. Niagra Credit Sols. Strict Adherence to the Letter of the Law. In one case— Steffek v.
Because the defendant did not have actual or constructive notice of the complaint, the court found no intentional failure to respond. The ruling: Judge Lorenz rejected the plaintiffs argument that the defendant had acted in bad faith by failing to respond.
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