Despite growing consumer demand for diverse business relationships, women remain underrepresented among owners of debt collection agencies and law firms. This persists even though research consistently shows that women-led businesses outperform expectations. Gender diversity in leadership is associated with stronger financial performance, reduced risk-taking, and greater operational efficiency. According to
Using an unregistered trade name on your sales, billing, and other contract documents can affect your ability to collect in New York. If your company uses a trade name, we recommend registering that name with the New York Department of State. Failing to do so may cost you the receivable.
How do the recent changes to New York’s debt collection laws impact collection of fees from consumer clients? Earn up to 1 CPE Credit* Program Description: New York’s changes to debt collection laws, in addition to existing federal laws, can be confusing. The shorter time frame to collect consumer debt can impact internal
At Frank, Frank, Goldstein & Nager, we focus exclusively on the collection of bad debt. Due to non-payment, many of our clients will obtain money judgments or file mechanic’s liens against real property to secure payment. Dorian Lam, CEO of Cornerstone Land Abstract was kind enough to sit with us
It’s common for clients to ask their debt collection attorneys, “How long will it take to collect my money?” As any legal advertisement will state, past results do not guarantee future performance. And this is especially true when it comes to debt collection. Determining how long it will take
Sitting and listening to other cases before the judge hearing your case can help you learn a judge’s style and expectations. Recently, I was in court appearing on a client’s behalf to collect unpaid tuition. While waiting for our case to be called, I had the opportunity to listen to
For large Fortune 500 companies with strict credit and collection policies, there isn’t a decision to be made about when to send accounts to a debt collection lawyer. When an account meets the criteria, it’s automatically moved. For everyone else, the decision to bring in a debt collection lawyer can
“What’s next?” is one of the most commonly asked questions in the debt collection industry. There are many phases in the debt collection process — from the initial consultation and review of the underlying claim and documentation, to sending demand letters, tracking payment updates, and making recommendations for legal action
Do you owe money and own a co-op apartment in New York? If you’re worried about the property being taken by a debt collection attorney to repay your debt, read on. There is an important distinction between a condominium (condo) and a cooperative apartment (co-op). A condo is considered real
Are you owed money by a business or an individual residing in the state of New York? If so, you should know the statute of limitations for debt collection, how long you have to collect your claim under New York state law. Like many things, debt collection claims can go