Business Credit Magazine February 2014 | Page 11

I explained to the Sheriff the history of this debtor and how my client’s local reputation rested on being able to force him to pay. At 4:00am the following week, the Sheriff ’s deputy parked his unmarked car in the woods far from the site of the contractor’s office. He sat behind the bushes by the back door with his cup of coffee and got comfortable for a long wait. At 7:00am, the contractor arrived and parked in the back and entered the back entrance. The deputy had to stay hidden, as he could not arrest him until he was actually fleeing the warrant. The Sheriff pulled up 20 minutes later in his cruiser with the lights silently flashing up the noisy gravel drive. The debtor switched off the lights and ran out the back door, only to be handcuffed by the waiting deputy! He was informed that he must pay the $700 he owed immediately or go to jail. The contractor offered to write them a check, and when the Sheriff and deputy stopped laughing, they informed him that actual cash was required at this point. The debtor said he had to go to the bank. So the Sheriff said no problem, they would take him in the squad car in handcuffs to the bank. The debtor pleaded that in this small southern town (not unlike Andy Griffith’s Mayberry) everyone would know him and his reputation and business would be ruined. “Well…” drawled the Sheriff, “maybe now you know how the people you owe money to have been feeling.” The humiliated thief was taken right down Main Street in handcuffs to the bank and was “the talk of the town.” We were thrilled, and needless to say, there have not been too many problems since in this particular town of contractors paying their employer’s fees on time. I personally learned from this case about this “deliberate debtor” psychology, which I have run into many times since then. Some debtors just assume that if they fly below the radar with small balances, that all the creditors will write the debt off rather than sue. Unfortunately for our debtor, that assumption was false! Jennifer Hudgens, first prize winner, is vice president of The Kreller Group in Cincinnati, OH. Our runners-up are: Norman Cowie, CCE Vice President, Finance Evergreen Oak Electric Supply and Sales Co. Crestwood, IL Allen Vickers, CCE Corporate Credit Manager A&K Railroad Materials, Inc. Salt 1