New York Debt Collection: Answers to Your Questions

Image result for person raisng hand to ASKING A QUESTION in group settingIf you are looking to collect some of your receivables in New York, chances are you may have questions about New York Debt Collection.

It would be great to be well informed and be able to anticipate what could happen or understand your rights and how to insure maximum collectability from your receivables?

Chances are you are going to have questions. Questions, you might want to ask a New York collections attorney prior to finding yourself in a situation you might have chosen to avoid.

You may have questions about preventing bad debt, tips to increase your in-house collections, selection of a collection of debt collection attorneys, placements of claims, questions about New York litigation, mediation, arbitration, and Continue reading “New York Debt Collection: Answers to Your Questions”

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Changes by the Credit Reporting Bureaus will Directly Affect Collection of New York Judgments.

Image result for test takingThe three major credit reporting agencies are changing the recording of judgment information. The changes will directly affect collection of New York judgments (and collection of your receivables).

In part, effective July 2017, civil judgments must now include the judgment debtor’s date of birth or social security number in addition to the name and address and other pertinent information.

Without the requested information and the updated reporting requirements (must be updated every 90 days), the agencies will not Continue reading “Changes by the Credit Reporting Bureaus will Directly Affect Collection of New York Judgments.”

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Can You Get Paid Without Foreclosing on Your New York Mechanics Lien?

Because you supplied goods or worked on property in New York and didn’t get paid, you were able to take advantage of New York’s lien law and file a mechanics lien.

By doing so you were able to put the world on notice that you have a claim as it relates to monies owed for goods supplied or work done on the underlying property.

You thought the only chance to get paid was to enforce your rights as it relates to the underlying property. Placing the lien didn’t get the attention you had hoped and enforcement of a lien is not always practical.

For one or more reasons, you have decided not to foreclose on your New York Mechanics Lien.

Are you now forced to abandon any hopes of getting paid on the receivable or can you get paid without foreclosing on your New York Mechanic’s lien? Continue reading “Can You Get Paid Without Foreclosing on Your New York Mechanics Lien?”

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