1. “How to Collect from People that Owe Me”
April 14, 2010
Living the Dream - Live
E-Seminar / Conference Call
“How to Collect from People
that Owe Me”
Hosts:
Mark Kohler, CPA, Attorney at Law
Mat Sorensen, Attorney at Law
Dwight Beckstrand, Attorney at Law
Telephone
Facsimile
© KKO Lawyers, LLP 2010
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© Kohler & Eyre CPAs, LLC 2010
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© NumberWon Accountants, LLC 2010

2. Here’s what to Expect Damages from Injury Family Law Collections
A\R and Tenants
Loans and payments
Deals gone Bad
Collecting on a Judgment
Any Tax Benefits?

3. Injury - Take Pictures at the scene of the accident.
- Gather names and phone # of witnesses.
- Get insurance information of other drivers/autos.
- Seek medical care.
- Take photos of injuries/wounds.
- Time limits to file claims.
- Don’t speak to insurance adjusters or give statements (except to police) before talking to a lawyer.
- Do not sign any liens or releases of information without talking to a lawyer first.
- You may be entitled to wage losses, medical costs, and pain and suffering.

4. Family & Support - Do you have a final order from the Court?
- Has the ex-spouse violated the order?
- Once an order is in place certain government assistance may be available for collection of child support (UT- ORS, CA – CSS).
- Contempt of Court for violation of a Court order.
- Child Support failure to pay may result in criminal prosecution.
- No statute of limitation in CA. UT w/in 8 years.
- Non-child support obligations such as alimony or property settlements may be more difficult to collect.
- Nearly impossible to bankrupt child support or alimony.

5. Accounts Receivable Proper verbiage in Service Agreement
Regular and consistent collection letter and phone call
Turning it over ‘to collections’
Different between law firm and collection firm

6. Loans Was it documented in writing Secured versus Unsecured
Statute of Frauds issues
Starting with a Demand Letter
Accelerate note, default rate
Notice if secured
Small Claims Court
Lawsuit and Judgment

7. Deals gone Bad Starting with a Demand Letter Private Investigators
Mediation
Law Suit and Judgment

8. Collecting on a Judgment
What does ‘executing’ on a judgment mean?
Supplemental proceedings
Garnishments
Repossessions

9. Tax Deductions Business Deduction – Ordinary
Non-Business – Capital Loss
Proving its ‘worthless’
Bernie Madoff Rule
IRS Publication 550
IRS Publication 535

10. © NumberWon Accountants, LLC 2010
Living the Dream - Live
THANK YOU!!!!
Telephone
Facsimile
© KKO Lawyers, LLP 2010
Telephone
Facsimile
© Kohler & Eyre CPAs, LLC 2010
Telephone
Facsimile
© NumberWon Accountants, LLC 2010