Rudi Cheu

Clients regularly ask me: “Since they’re not paying, why don’t we just wind-up/bankrupt them?"

Most business owners are not unreasonable. They’re willing to accept reasonable delays because running a business is difficult. But after a few polite reminders and rounds of false hope, everyone has a limit to their...

“My debtor is closing down at the end of the month. We need to sue quickly!”

Here is what happened:

We secured a RM5,000-a-month repayment arrangement for an RM80,000 trade debt with no documentation: 0 contracts, 0 delivery orders and 0 purchase orders.

They left my client’s RM67,000 debt in the old company and moved the business to a new one.

1. Gather your proof.

Debt recovery story, as told by an OG, of how we seized and sold a BMW