If the bank doesn't collect on this note, he'll be fired.
Over the next year the bank collects its principal and interest, along with the extra money you agreed to contribute.
After all, the banks themselves don't collect any fees unless and until the deal is completed, typically months later in the next calendar year.
Drosopoulos was thus eager to save the firm so that the bank could collect the debt in the future.
As in many countries, Colombia's banks collect tax payments, but they are required to turn them over to the government after 20 days.
On the first day, the bank collected $30,000 worth of deposits.
The bank also collects fines, loans and interest, and taxes.
Therefore, the central bank could not collect its loans.
The banks would then collect their loans from those accounts.
But critics said that under the restrictions the banks would not collect enough usable tissue.