Mak to sue or not to sue - nacm presentation-2

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Mak to sue or not to sue - nacm presentation-2

  1. 1. Mark A. Kirkorsky, P.C. Attorneys at LawTO SUE OR NOT TO SUE: SUIT WORTHINESS .THE KEYS TO INCREASING YOUR RECOVERIES NACM WRCC · October 19, 2012 · Las Vegas, NV © Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  2. 2. About Our Law Firm Specialize in Commercial & Consumer Collections 50 Years Combined Experience. Tested Process to Maximize Recovery. In-House Private Investigators & Collectors. Nationwide Coverage. Proven Results.© Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  3. 3. STRENGTH OF ACCOUNT DOCUMENTATION• Credit Application• Personal Guaranty• Statements & Invoices• Lien/Bond Claim Documents © Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  4. 4. POTENTIAL DEFENSES Simple Non-Payment or Legal Dispute • Financial ability • Clerical or accounting issues • Poor documentation • Problems with Credit App terms & conditions • Problems with PG • Community property© Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  5. 5. Risk vs. Reward Amount in Controversy• Does the amount of the claim justify the risk of proceeding with litigation?• What is my best case scenario?• What is my worst case scenario? © Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  6. 6. CREDITWORTHINESS & “COLLECTABILITY” Is there a pot of gold at the end of the rainbow? • Still conducting business • Credit bureau &asset investigation • Other claims, litigation, or judgments • Occupation or Place of Employment • Bankruptcy considerations© Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  7. 7. DEBTOR REPRESENTATION• Attorney Representation  Pro – A stable level-headed point of contact  Con – Belligerent or intent on running up fees• Adverse award of fees © Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  8. 8. JURISDICTION & VENUE • Convenience or inconvenience • Forum selection/venue waiver • Courts of lower jurisdiction • Speed & cost • Predictability • Availability of witnesses    © Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  9. 9. SETTLEMENT EFFORTS • Good faith efforts to resolve • Amount of offer • Revisiting risk vs. reward • Settlement or Compromise© Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  10. 10. POLICY CONSIDERATIONS• Potential for bad publicity• Future business relations   © Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  11. 11. QUESTIONS & ANSWERS© Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com
  12. 12. THANK YOU! Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com 888.519.2173© Law Offices of Mark A. Kirkorsky, P.C. www.MAKCollections.com

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