Re: So I\'m getting screwed by a bookie. Ideas?
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factor debt to people who will collect as I suggested before, LDO.
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I'm not doing that, period. I have a family. But other investors are not quite as interested in being diplomatic.
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I honestly don't understand what you mean. Banks and I-banks factor their debt all the time. This *is* the diplomatic solution. Once you factor the debt, you are out of the equation.
If you factor to a friend of his, or a bookie he lays off his action with who will give you $25k, you're $25k better off and your bookie is rid of his debt to you. Win-win.
If I offered you $50k cash right now, would you take it? Of course you would. I don't understand the problem, there's a multi-$billion industry based on collections with publicly traded companies and everything. [Obvs I understand he is not Kmart LDO]
If your plan is to get no one involved and hope he pays you...I wish you luck with that, honestly.
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