BizyDad
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They can't just check for themselves. A lawyer can't just check how much money you keep in an IRA or bank account. (I'm assuming your friend is in the US. I don't know other country's laws, but I'd be shocked to find out different).
Besides, we don't know if they are going to file a lawsuit. Right now, its just a threat. A negotiation tactic.
Bill collector's use this tactic too, prey on someone up to years later, hoping to get their conscience to kick in and then they can collect something.
I mean, they've introduced a payment plan for a reason... Just because he has no money now doesn't mean he won't ever have any money.
I think I said this before, but I'll say it again. Your buddy should be running this kind of negotiation through a lawyer, even if it doesn't end up in court.
Besides, we don't know if they are going to file a lawsuit. Right now, its just a threat. A negotiation tactic.
Bill collector's use this tactic too, prey on someone up to years later, hoping to get their conscience to kick in and then they can collect something.
I mean, they've introduced a payment plan for a reason... Just because he has no money now doesn't mean he won't ever have any money.
I think I said this before, but I'll say it again. Your buddy should be running this kind of negotiation through a lawyer, even if it doesn't end up in court.
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