Growing your company is probably your foremost priority. It might be tempting to jump into the major leagues, but doing business with the big boys can lure you into making questionable choices. Regardless of your industry, extending credit can quickly get out of hand. You can find yourself in a
A New York collection attorney can assist out-of-state or foreign law firms in domesticating out-of-state or foreign judgments in New York. We discussed steps to register or domesticate those judgments in New York in an earlier blog post. There are issues that arise that are specific to New York. For
In exchange for a loan, services provided or goods sold, a client put up collateral. The collateral may have been accounts receivable, fixtures, inventory, a personal residence, jewelry, a boat or some other asset. Unfortunately, the client failed to make payment. You want to use the pledged collateral to reduce
You only have a year to do that. Since arbitration is an expedited process, you get a relatively short period to confirm the award in New York. Confirming the arbitration award has a 12-month statute of limitations. And the clock starts ticking the date of the arbitrator’s final determination, not
If you are paying personal expenses from a corporate account, you may be liable for corporate debt. Some business owners can’t help but get in their own way. For example, take the business owner who rings up debt and uses corporate assets to pay personal expenses. They believe that status
There are those that think they have you beat. Perhaps your customer had no intention of paying in part or in whole and purposely did not sign the contract. You ask for payment and they remind you that you do not have a signed agreement and perhaps invite suit! Don’t
Just think, if more clients paid you in a timely manner what you could do with the money, not to mention the time. Give your business the gift that keeps on giving: Learn the secrets of increasing in-house collections and watch your cash flow grow. Here’s this NY Collection Attorney’s
Are you interested to see if mediation would resolve your claim? If so, you will need all parties involved in the dispute to agree. Without total agreement, mediation cannot go forward. If one party does not want to mediate, you can’t mediate. This is true even if your agreement provides
The owner and/or the general contractor have not paid you. So, you filed a mechanic’s lien against the property. You were hoping that filing the lien would force payment. It did not. You received service of a Notice that requires you to foreclose on your lien. Can your non-paying customer
Your customer fails to make payment. If payment is not made within 30 days your invoice states that you have the right to more than just the contracted price. You carefully included additional terms on your invoice. These terms stood out in bold type. Your invoice stated that you would