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Mexico or busted.(extra credit)

Business Credit

| October 01, 2007 | Conrad, Pete | COPYRIGHT 2007 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

My client had a big problem.

The call, as it almost always does, came in during late afternoon about five minutes before I was going to leave the office. Thanks to the cell phone, of course, I never really leave, but I still like to pretend the workday is wrapping up when I walk out. But now I had Jerry (not his real name), a bank vice president, on the phone. He needed my help, and naturally it wasn't just another KIA repossession; this time, the property to be recovered was an airplane.

When someone like Jerry finally gets around to calling me, it is usually with a note of desperation. It was unusual for Jerry's bank to make aircraft loans, but this ...

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