NY Collection Attorney Offers Top 5 Tips To Increase In-house Collections Next Year

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 top 5 tips to increase in-house collections. Continue reading “NY Collection Attorney Offers Top 5 Tips To Increase In-house Collections Next Year”

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Why You Need a Collection Policy – Advice from a NY Debt Collection Lawyer

Why You Need a Collection Policy: Every business should have predetermined steps to follow when a customer does not pay, learn more about the steps to follow when collecting receivables and understand the traps that delay payment. The debt collection … Continue reading

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“Litigation Discount”, Really?

FullSizeRender (1) I first heard the term “litigation discount” a few weeks ago from my adversary on a New York debt collection case.  My client, a Chinese mattress pad manufacturer, was owed monies for goods shipped to New York.  The defense was a claim that the cartons in which the mattress pads were shipped were damaged.  As a result, her client had to repack the goods in new cartons in order to resell to a big box retailer.  Shipping the goods was her client’s responsibility.  The terms were F.O.B. (Freight on Board); consequently any damage should have resulted in a claim with the shipper rather than with my client.  Counsel’s position was that irrespective of the issues of the case, her client should be entitled to a “litigation discount”. Continue reading ““Litigation Discount”, Really?”

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