Credit Revenge is a …
Oh, How Sweet Revenge Can Be
By Andrea Schlack
I want to thank our North Carolina Law firm, Bernhardt and Strawser who has taken ‘turn-around is fair game’ and ‘infringement’ to an entirely new level that will long benefit the Printing Industry!
Recently a printer extended a large line for credit to a Magazine ‘wantapanuer’ who completed a credit application and even provided the Printer with his personal guaranty, however this deadbeat never told the printer about his second company that was not bound by the signed agreement and whose sole purpose was to sell ads and collect ad revenue for the magazine.
ANYONE WHO KNOWS THE MAGAZINE INDUSTRY,
KNOWS PROFITS ARE IN THE ADS NOT CIRCULATION.
The magazine did not pay the Printer resulting in a law suit being filed, heard, and eventually a judgment being entered. All the normal collection routes were dead ends – it was looking bleak
We noticed a copyright on the magazine, which turned out to be owned by the Judgment debtor thus making it a potential asset for an attachment to benefit the Printer. Mr. Bernhardt filed a motion requesting the court order the Debtor to turnover his Copyright!
Imagine the Debtor’s SURPRISE when he was served with the notice of hearing stating our intent to have HIS copyright turned over for sale to pay his Printer!
Just in case you did not know —- those who use copyrighted materials absent of an agreement get sued for infringement fraud – (sound familiar – hence turnaround is fair game)
Had the court granted our motion, this ‘wantapaneur’s‘ ink would have been dried up before his next deadline, all his unpaid ad revenue would have been in the Printer’s pocket instead of his, and all the plans he sooooo carefully crafted to cheat others – FAILED!
CASE SETTLED – thanks Brian Bernhardt, Attorney