Real estate is big business in New York. You don’t need to own property to make money either. As a supplier or service provider, selling to co-ops and condos can be very lucrative. Just like the real estate business, debt collection in New York is also nuanced and has its
If you run a business, you likely send your clients invoices monthly for all goods delivered or charges incurred. You indicate in your initial agreement and subsequent invoices that payment is due within 30 days, and that any invoice paid beyond that period incurs a late fee of 10% interest
One of the many powers given to a judgment creditor is the right to subpoena either the debtor or a third party in aid of enforcing a civil money judgment entered in a New York state court. A judgment creditor may serve the judgment debtor with a “subpoena duces tecum,” wherein
Mediating a debt collection claim can be a successful way to reach an agreement to pay. Mediation can be voluntary, where both parties agree to participate, or due to a clause in the agreement that mandates mediation before proceeding to arbitration or litigation. However, there are issues that may
We want to congratulate Jocelyn Nager, the managing partner of Frank, Frank, Goldstein & Nager P.C., a New York law firm devoted to the collection of bad debt, on recent recognitions. Jocelyn has once again been recognized as AV Rated, top-rated, by Martindale Hubbell with an overall rating of 5.0.
When vacating a judgment entered against you is it better to make a regular motion or move by order to show cause? In order to decide, you’ll need to understand what the two are and the key differences between them. Notice of Motion In non-emergency situations, a party seeking a
Should New York State Governor Kathy Hochul sign Bill S7476, businesses may have more options when it comes to suing an out-of-state customer for non-payment in New York. The bill would essentially make it so that every company registered to do business in New York agrees that the New York
Some people overnight payment to satisfy their debt collection claim. But did you know that doing so could result in having to pay twice? The recent uptick in crimes targeting the postal service has experts warning the public not to send checks through the mail. Our bank, and most likely
The legal process of collecting debt owed in New York typically starts by filing a summons and complaint or a motion for summary judgment in lieu of a complaint demanding the exact amount owed to you. If the case is handled properly, subject to having the requisite documents, you should
Most clients look for low or no-fee debt collection and don’t want to go out of pocket to collect bad debt. However, this can conflict with the terms of the clients’ agreement also known as contract carve-outs. Many contracts contain a clause that provides for mediation and/or arbitration in the