Red Ledger

Module 1

We need additional funds because we collect our fees before we make payments to creditors.(Required)

True

False

Why do we have to present an offer to client if we don’t have enough funds?(Required)

we are not aware that we don’t have enough funds.

As a law firm it’s our obligation to present all reasonable settlement offers.

Earned Performance Fee’s (EPF’s) are currently being collected for previously settled accounts.

All of the above.

Legal accounts are also priority, even if we don’t have enough funds we need to negotiate a settlement as soon as possible to avoid judgement.

True

False