Wilson Cole's Podcast From The Road

Today Wilson Cole, President of Adams, Evens, & Ross (AER) and Samantha Cole, in-house counsel for AER, are discussing statistics related to the cases that are turned over for collections. 80% of the time AER will be able to collect on a case using only the collections processes the professionals at AER have refined over the years. Of the 20% remaining cases, half of them will need more work and are recommend for a lawsuit and half of them are not. This podcast will mainly focus on the 10% where the collections process did not yield a collection and the case is not recommended for a lawsuit. One classic example of such a case is where the case was turned over after the debtor went out of business years ago, all known points of contact are no longer valid, and the agency that turned over the case is mad that AER is unable to collect any money. Here the key factor is that the agency waited too long to turn over the case for collections and had they done so sooner, some collections could have been possible.