Street Sweeper: He's Wall Street's answer to recovering outstanding debts. Michael Colombo gets the job done and has high retrieval numbers to prove it.

On Wall Street | May 1, 2007| | Copyright

The biggest debt Michael Colombo ever collected was $1 million.

An institutional broker had received the payment in an upfront recruiting bonus and then jumped to another firm before working off or repaying the forgivable loan.

Ironically, collecting from the man wasn't hard, Colombo recalls. Since the debtor was an established trader with a profitable book, he didn't want legal trouble. He agreed to Colombo's negotiations and paid up after his new firm gave him his upfront bonus.

If only all such collections were that easy.

"I believe ...

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