Recovery Officer Interview Question:

Tell me before filing a lawsuit against debtor what all things need to be considered?

Submitted by: Administrator

Things to be considered before filing a lawsuit is

☛ Is yours claim large enough to sue, as most attorneys in U.S will not file a lawsuit under $1000 and even $2000
☛ Is debtor active in business or job
☛ Find the correct address where you can send a legal notice to the debtor
☛ Check whether debtor holds up enough cash or property to pay the debts
☛ Some debtors won't pay you unless legal action is not held, so hire an attorney who has experience in such cases
☛ If the client has the upper hand then always go for a settlement, as they have rights to counter claim against you for damages
☛ Can you provide enough proof or documentation that substantiate the debt
☛ Will you be able to present a witness if needed
☛ Does the cost include the warrant filing a lawsuit
Submitted by: Administrator