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WHY CUSTOMERS AVOID PAYING THEIR DEBTS

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Regardless of whether the debt or a Debtor is deliquent in paying is intentional or unintentional, deliquent debtors sometimes believe that they can simply get away with not paying their bills.One reason why deliquent debtors may think that they can get away with not paying their debt is that they…
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SALIENT PROVISIONS OF THE MONEY LAUNDERING

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Salient Provisions Of The Money Laundering (Prevention And Prohibition) Act 2022 The President of Nigeria, Muhammadu Buhari on Thursday 12th of May 2022, signed into law, the Money Laundering (Prevention and Prohibition) Bill 2022 into law, thence, repealing the Money Laundering (Prohibition) Act of 2011 The new Act has 31…
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THE PROCESS OF DEBT COLLECTION

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Debt collection is not a difficult process , but it is very tedious.Almost none of the people that are in business claims to be exceedingly brilliant . Though some of them may claim to be proprietary business methods, research indicates that none of them are really doing anything that is…
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UNDERSTANDING THE CONCEPT OF INSOLVENCY:

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Insolvency may be defined as inability to pay debts or a situation where by the amount of Debt exceeded the value of the Assets.insolvency is often defined in terminological sence as bankruptcy or indebtedness or lack of solvency,many economist evaluate lack of solvency with lack of worthiness’ In corporate law…
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NEGOTIATION SKILLS

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By Dr Opeodu Akintunde Chris.FIDRRegistrar CEO. institute of Debt Recovery Practitioners of Nigeria.(IDRPN) Conflict in every relationship is a natural phenomenon and is an inevitable consequence of human interaction in any society. Negotiation is a major process for resolving disputes and managing operational problems. According to black’s Law dictionary, negotiation…
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How do I Become a Debt Collection Attorney?

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Akintunde Chris Opeodu FIDR A debt collection attorney provides legal representation to creditors to compel consumers to pay back loans or overdue bills. You can become a debt collection attorney by first completing your undergraduate and law degrees and passing the the institute of Debt recovery Practitioners exam in your jurisdiction. Your resume can…
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WAYS TO COLLECT BAD DEBTS

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Business owners are struggling enough in this weak economy, but when you add stagnant accounts receivables to the mix, it can make for some pretty tough financial times. According to wall Street report, small business owners are having to wait longer to get paid 20 percent more of the time…
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