This statement alone prompted my post.  30 days is plenty of time to remit even partial payment.  Our office, for example, remits to abstractors and settlement agents on the first and the fifteenth of each month.  That said, if we receive an invoice on the second of the month, it waits until the fifteenth and if we receive an invoice on the sixteenth, it waits until the first.  As you can see, this not only maintains steady income for each abstractor/agent, it also allows us to better manage our accounts payable.  If you, as an abstractor honestly bill $11k per month with no receipt of payment for the previous months invoices (or for six months), then you are certainly extending a line of credit that raises serious questions as to your ability to damage control.

We all get caught up in not "hounding" a client or burning a bridge over money.  However, what are in the business for.  Nobody likes to work for free and nobody likes to be taken for granted or advantage of.  Again though, at what point does the "client" become the "debtor"?
 

 

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