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Old 07-02-2018, 12:52 PM   #2501
sebastian_dangerfield's Avatar
Join Date: Mar 2003
Location: Monty Capuletti's gazebo
Posts: 23,757
Re: No Faith in the Moral Standards of the Players as a Group

Originally Posted by Greedy,Greedy,Greedy View Post
This is actually useful information - thanks.

I have a lot of little startups that get started, burn a million or four, and then get wound up with a bunch of trade debt they have to settle to preserve the IP, so they can get a million or a half of salvage value. 20% has seem to be a fairly common settlement, but it's nice to know where the portfolio's purchase price usually was.
Business debt is on the way lower end of that .2-.10 range, as debt collectors assume corps can simply dissolve or close shop and walk away (unless there's personal guarantees on the stuff). If you're representing an LLC or Inc., you should be able to go into the .10-.15 settlement range.

We never bought or even tried to collect business debt. You've very limited leverage to press debtors.
All is for the best in the best of all possible worlds.
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