Wilson Cole's Podcast From The Road

Wilson Cole, President of Adams, Evens, & Ross (AER) and Samantha Cole, in-house counsel for AER, continue the theme of the previous podcast; “excuses debtor companies give for back door hires.” First up for this podcast is “we hired the candidate, but they did not last the 90 days.” When Wilson hears this excuse, his first hope is that the creditor’s signed contract with the company has a clause that says something to the effect of “our guarantee is contingent upon payment being made in a timely manner.” There are of course examples where a client honestly just lost track of time and ended up paying slightly behind schedule or outside of a defined “timely manner” window. If the client company is otherwise punctual with payments or a longtime client, it is probably better for business to just let go of honest mistakes. Wilson makes clear these are not the types of client companies being talked about here. The companies being talked about here are ones that never paid, had no desire to pay, and/or ignored