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How do we collect balanced owed??

LouisianaRecovery Options

Good afternoon. I work for a general contractor, and we did some work for some clients after hurricane Laura. We have company insurance, bonded with the parish we worked in and did some small jobs. we also did a few jobs over the $7,500-dollar threshold and did not have a Louisiana contractor's license. After understanding the law, we contacted the Louisiana board of contractors and took the test and received our State Contractors license. We have a few clients that refuse to pay the balance owed once we told them the chain of events and now are a licensed contractor. They never complained about our work, and we completed the job. what recourse do we have to collect balance owed?

5 replies

Jun 24, 2022

You can recover labor costs and materials, but not overhead and profit. I have seen a number of contractors in Lake Charles who obtained temporary licenses from the Police Jury over there. If that is the case, there is more to discuss. If you have further questions please feel free to call us 504-323-5885.

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Jun 27, 2022
I would suggest letting a licensed and bonded certified commercial collection agency collect the accounts on a contingency bases. The agency would only earn a small percentage of the total collected and your problem is over. If for any reason the agency can not collect the account, first you will owe us nothing and you can always have a suit option. Feel free to email me with any questions. Best regards, Steve
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Jul 6, 2022
As far as I know, debt collection from customers is recorded in the current year. The level of provision made is often lower than the actual level because the enterprise has not fully researched the relevant information. Many receivables on the books have discrepancies with customers' figures because the company does not reconcile with regular debts. Not disclosing information about receivables as collateral for bank loans and drift hunters
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