Hi all, need advise on this. I owned a small sole propietor
company and done some works for our main con, now i am facing some
financial issue due to :-
1. Company (1) had'nt paid us since complete our work and
invoice was send january 2016, have tried calling the boss and the
manager in charge but they never pick up my call or my staff's
call. after issuing a demand letter a meeting was held just a week
before our 2016 national day but he never fullfill his commitment
on paying even partial after the holiday, now call no answer liao.
(debt $28k)
2. Another company is also delaying our payment and are paying
only as and when they claim they have sufficient, but our work have
already completed and our agreed terms / LOA stated is
30days.(debt as of now est. $40k)
For company (1) no doubt have to take action, very tired and
stress up calling this bustard liao and are wondering should i
engage a debt recovery or engage a law firm but the amount is not
big and not small so which is adviceable huh?
For company (2) i would appreciate those expert in business to
advices what could i do to ensure that the debt would nnot go aging
further.
very stress..
need to pay rent, salary, levy
etc.......