Results 1 to 12 of 12
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08-09-2019, 01:20 PM #1
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Is a renegotiation a default?
If you don't think it is I got a guy...
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08-09-2019, 01:23 PM #2
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It is. Well for most companies, let me not speak for all of them.
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08-09-2019, 01:32 PM #3
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Any ideas who 'might' not?
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08-09-2019, 01:39 PM #4
Depends on the situation, its technically not, but the question is when was it re-negotiated, is the merchant currently on this renegotiated payment, if thats the case then it shows he cant currently meet his obligations, we would not be able to do anything.
But if the merchant renegotiated an advance in the past and ended up paying the complete RTR, then we can look at it.
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08-09-2019, 01:57 PM #5
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Yep, that's the case... He has a number of satisfied UCC letters, however he says he overpaid Samson? and settled fully with Yellowstone-- no letter... Thoughts?
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08-09-2019, 02:03 PM #6
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08-09-2019, 02:07 PM #7
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what kind of receivables does he have? I'm willing to look at it for in-house
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08-09-2019, 02:19 PM #8
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Send the ISO doc. let's get this DONE!!!
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08-09-2019, 02:21 PM #9
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??? I don't understand...
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08-09-2019, 02:36 PM #10
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So you mean he reduced payment? If so, how long was the reduced amount for and did he ever get back to contractual terms?
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08-09-2019, 02:38 PM #11
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Renegotiated as in lowered payments? Or literally went to the lawyers and force a renegotiation?
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08-12-2019, 11:52 AM #12
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No lawyers just changed terms and paid off...
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