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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Fraud in the Inducement: Compete Defense to Payment?

The news is filled with stories of individuals and businesses permitted to walk away from monies owed without repaying the debts. Debts legitimately owed to creditors who render services or sell goods. Why is this happening and, more importantly, could this happen to your business? Continue reading “Fraud in the Inducement: Compete Defense to Payment?”

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Debt Collection Attorney’s Blog: Selling to Managing Agents/Collecting From NYC Owners

Debt Collection Attorney

If you are like most NYC businesses selling to the ‘powers that be’ in New York real estate you are selling to managing agents rather than the owners directly. Debt collection attorneys often see that most buildings are represented by managing agents who order goods and services to keep the buildings running. The agents work with you as extensions of the owner. Most often the agents represent many buildings and will engage you to provide services or goods to numerous buildings. Relationships with good managing agents are vital. Continue reading “Debt Collection Attorney’s Blog: Selling to Managing Agents/Collecting From NYC Owners”

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Debt Collection Attorney Blog: Will Debtors’ Prisons Lead to Repayment of Money Owed?

Your customer failed to pay the balance owed. Is the remedy debtors’ prison? In many states debtors’ prisons are a reality, not just something we read about in history books. Continue reading “Debt Collection Attorney Blog: Will Debtors’ Prisons Lead to Repayment of Money Owed?”

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