Is Free Mediation Coming To Resolve Your NY Debt Collection Claim?

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 for mediation of all disputes.

The mediation pilot program offered by the Civil Court of the City of New York is exciting and it is FREE. For now, consumer cases seem to be all they are handling. However, the intention is to expand the program to include B2B disputes. Besides the parties’ total agreement to mediate, the recovery amount in the underlying matter must be within the jurisdictional limits of civil court, which is up to $25,000.00.

Unlike mediation through the Supreme Court, where available, New York civil court mediation is also available for a permitted matter even before filing a lawsuit. In Supreme Court, the Judge can order mediation.  In Civil Court,  the parties can decide on their own to file for mediation. They need not have an active case or a Judge assigned to the case.  One party unrepresented by counsel is sufficient to qualify the case.

The civil court emphasizes that the mediation is free for up to three hours. This makes it convenient and fast. You can potentially reach a settlement in a one- or two-hour session with a mediator. After three hours, there is a $300 hourly fee payable to the mediator. To continue, the parties must agree to pay out of pocket. Continue reading “Is Free Mediation Coming To Resolve Your NY Debt Collection Claim?”

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Demand for Payment of Commercial Debt

Time is of the essence to get you paid. It is no secret that past due receivables are often an unhealthy sign of a company’s financial well-being or a signal that it soon will be. There are options to collect debt such as a Demand for Payment. There are other debt collection options as well. A seasoned Debt Collection Law Firm such as ours can help you decide which path to take.

Here at FFGN, we have provided commercial debt collection services in New York over the years to a multitude of companies and across a large cross section of industries. This experience has been instrumental to help develop our processes that maximize the likelihood of a successful debt collection.

We’d like to help you better understand the Demand Phase of commercial debt collection claims. We also want to introduce you to how these claims are handled at FFGN.

Some of our clients go straight to litigation, mediation or arbitration. Many choose to work with us as their New York Legal Debt Collection Agency. In these instances, they place a demand for payment claim before moving onto next steps, if at all. Continue reading “Demand for Payment of Commercial Debt”

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Can Laws Designed to Protect Consumers Affect Collecting Commercial Debt?

gyguuChances are you have heard of the Fair Debt Collection Practices Act (FDCPA) –– a federal law created to protect consumers from unsavory debt collection practices. The law prohibits debt collectors from using any type of abusive, unfair, or deceptive practices to collect money. Continue reading “Can Laws Designed to Protect Consumers Affect Collecting Commercial Debt?”

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Business Profits In The Real World

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As business owners we know that cash is a critical fuel for our business. Our clients and customers have to pay in order for us to realize profitability. All uncollected sales dollars are what we call profit leaks.

Continue reading “Business Profits In The Real World”

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