Untangling the Lien Process

It often becomes necessary in a collections employee’s career to process a lien. A delinquent customer has not paid its bills in over three months. A business owes your company thousands of dollars but has run out of cash. A CEO has no business assets to foreclose on but has more than enough personal assets to cover the cost of the debt. Regardless of the situation, the unfortunate reality is that some customers will not pay their debts and a lien must be processed to secure the money owed. An…