owes about 100k within 10 days and it can not be paid? The company I work for has to pay 100k within 10 days or they are gonna be sent to collections. What will collections do then? Will they close the doors?
2006-06-30 06:41:34 · 5 answers · asked by ♥eLizAbEtH♥ 5 in Business & Finance ➔ Other - Business & Finance
The company fires you and shuts down and the owners move to Mexico.
2006-06-30 06:54:26 · answer #1 · answered by jdscorrupted 5 · 0⤊ 1⤋
the company will be taken to court (sued) for the money.
a collections company does not have the authority to close the door try to find a job
The company fires you and shuts down and the owners move to Mexico. ha ha
2006-07-01 10:12:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
they start the collection process which will give them more time to pay. Possible have to pay some interest. Collection agencies usually will force them to go on a payment plan. If they fail to respond then the could be taken to sued.
I'd try to figure out why they didn't pay. If its cause they dont have the money..get a resume ready!
2006-06-30 13:51:17 · answer #3 · answered by thunder2sys 7 · 0⤊ 0⤋
I would certainly start looking for another job. This one sounds scary.
You might consider starting your own home business which you can build while still working, and in no time you will exceed your current income.
It is what I did, and I have never looked back.
If you chose to do this you would receive a great deal of mentoring and support, 4 free websites as well as all the leads you would like.
Once you have set your goals and put your mind to achieving them, you will see them come to reality very quickly.
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vbouvier@shaw.ca
2006-06-30 18:29:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the company will be taken to court (sued) for the money.
a collections company does not have the authority to close the doors.
2006-06-30 13:47:19 · answer #5 · answered by leadbelly 6 · 0⤊ 0⤋