An automated billing process caused a $0.01 overdue water bill to be sent to an Attleboro, Massachusetts consumer and warned of a potential lien against her home if the account was not cleared.
Read the whole story by visiting Blind Woman Threatened With Suit Over 1-cent on CNN.com.
How is your system set up? Do you bill for all amounts or just amounts over a certain limit?
Would you believe it if I told you that Abraham Lincoln, Walt Disney, and Henry Ford were once bankrupt? I didn’t think so. But it’s true!
A couple of days ago I came across an article on CNN’s website, Seven Famous People Who Survived Bankruptcy. Among those cited above, the list also contains Burt Reynolds, Milton Hersey, H.J. Heinz, and P.T. Barnum.
The story also points out other government officials who found themselves short on cash including: Ulysses S. Grant, Thomas Jefferson, and William McKinley. And, in addition to Ford, General Motors founder William Crapo Durant went belly up.
Are you aware of any other famous bankruptcy petitioners?
Gary Jensen
editor collector mentor
Does your company have such procedures in place? Would your employees or members of your team know what to do in the event this happens at your office?
Gary Jensen
Editor collector mentor
