Previous Work
I use to work in a large firm that dealt with a lot of people, companies and large amounts of money every month. Most of our clients paid us on time but there were the few and far between that would try to get out of paying us. We would do everything that we could to collect, but there would come a time when we would have to pass off the file to our creditors to try to collect on a bill. At this point we wrote off the loss because there was no way we could transfer the ownership and debt validation. If the customer wanted to pay the creditor that was great, otherwise we counted it as a loss.
