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Old 03-18-2011, 09:08 PM
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Default Broker Does Not PAY!!!

Hi, help me out guys. Did move for broker 12/2/10, send invoice out next day, today is 3/18/11 still have not got my money, calling broker everyday, his saying i got no money. What is my next move to do?:banghead:
I did checked credit report before i did this run, was ok. I'm checked on him now and it's no good no more. $1200 its a lot of money for me, i started my bussiness 9 months ago. :cry:
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Old 03-19-2011, 12:49 AM
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Does the broker have a bond? If so you should have filed on it 30-45 days after your invoice date!
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Old 03-19-2011, 02:13 AM
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If you are a member of OOIDA give them a call. They should be able to help you file on his bond or perhaps offer some other advice. You could file suit against him, but if he is broke it won't do much good.
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Old 03-19-2011, 03:12 AM
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Quote:
Originally Posted by crazyeyes View Post
Hi, help me out guys. Did move for broker 12/2/10, send invoice out next day, today is 3/18/11 still have not got my money, calling broker everyday, his saying i got no money. What is my next move to do?:banghead:
I did checked credit report before i did this run, was ok. I'm checked on him now and it's no good no more. $1200 its a lot of money for me, i started my bussiness 9 months ago. :cry:
What type of product did you move? What type equipment do you operate?
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Old 03-19-2011, 03:58 AM
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Call the shipper. I *think* they are liable. At least that's what I have been told by other brokers.

Also, you can try typing his MC into the safer database at this link. Licensing & Insurance Carrier Search which will tell you who the bondholder is, but it's probably too late for that. The bond is probably already canceled and authority revoked.
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Old 03-19-2011, 01:15 PM
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Quote:
Originally Posted by rank View Post
Call the shipper. I *think* they are liable. At least that's what I have been told by other brokers.

Also, you can try typing his MC into the safer database at this link. Licensing & Insurance Carrier Search which will tell you who the bondholder is, but it's probably too late for that. The bond is probably already canceled and authority revoked.
That was exactly why I wondered what type product he / she moved and what type equipment is used.

Agricultural porducts are "exempt"....food stuffs too.....but if the equipment is flatbed / step / RGN / etc; Then anything except animalfeed they can go directly to the shipper for payment, with the original BOL. If the product was machinery, building material...so on.....and the shipper or consignee, either one, refuse to pay because they already paid the broker, then he / she, can file a lean with the courts on the product.
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Old 03-19-2011, 02:12 PM
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If it is an exempt product you can't file on the bond.
Collecting from a shipper(reciever) is pretty tough in state courts. You need the right set of circumstances. Money involved in trying to move to federal is far more than the money owed. Attorney fees on freight claims are in federal court are not allowed.
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Old 03-19-2011, 05:38 PM
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I pull dry van, product was new cardboard boxes.
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Old 03-19-2011, 05:43 PM
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i'm ooida member, will call them on monday.
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Old 03-20-2011, 02:51 PM
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Do it old school.

Get his address
Go to his house
Break his leg.
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