Earlier in March, due to the coronavirus outbreak, New York’s civil, district and supreme courts were closed to the general public. As of right now, the courts are still closed. The courts are no longer accepting any papers for filing, … Continue reading
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How the Coronavirus Outbreak Will Affect Debt Collection
No doubt you have already felt the effect of coronavirus on your business. As the virus spreads across the U.S., things are coming to a quick slowdown. Understanding how the coronavirus outbreak will affect your debt collection claims will help manage your expectations of recovery.
How the Coronavirus Outbreak Will Affect the Courts
Beginning March 16 at 5 p.m. the courts will postpone all “non-essential” services. The following changes will likely impact your civil suits and ability to recover money and property:
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Read more...The Importance of Giving Credit for Payments in Debt Collection Cases
The importance of giving credit for payments made can not be overemphasized when it comes to debt collection. The improper allocation of credits and payments will directly affect your claim and recovery.
Failing to give credit for payments when credits are due will extend the life of your debt collection case. It can also, in some instances, cause you to forego recovery of your NY debt collection claim. Continue reading “The Importance of Giving Credit for Payments in Debt Collection Cases”
Read more...Cuomo Proposes Licensing for NY Debt Collection Lawyers
Citing persistent abuse and a lack of state oversight, New York Governor Andrew Cuomo introduced an initiative requiring debt collection firms to become licensed with the state. A first for collection agencies operating in New York, the proposed legislation will … Continue reading
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