The 2022 State of the State Report by Governor Kathy Hochul promised to serve the people of New York. The report, which includes efforts to protect New York’s consumers and improve the state’s financial health, has been taking shape through new legislation throughout the year. Last week, the state imposed further
Seeking replevin is common and used by debt collection lawyers to recover goods or collateral for their clients. Replevin is available to a party seeking the return of goods pursuant to a court order directing a party to return the goods or collateral to you. An application for replevin relies
Can a defendant delay litigation by firing their attorney? One course of action a debtor may take is to hire and then fire multiple attorneys or act in a way that forces their attorney to make an application to be relieved as counsel. Though these actions can lead to delays,
As a result of not getting paid for improvements to real property, you filed a mechanics lien. Rather than pay the lien, the owner of the property or general contractor posted a bond to discharge the lien. What does a mechanics lien bond mean and what do you need to
Is your company purchasing or importing goods made in China? If you are having a dispute with your exporter from China, you should be mindful of the rules that govern international transactions. The rules concerning the sale of goods are typically governed by Article 2 of the Uniform Commercial Code.
Assume you are part of an accounting firm, and your firm has provided a large amount of accounting services for a client that is a limited liability company. The outstanding receivables for providing said services have started to accumulate to a large figure. You want to proceed legally against the
Companies that grow by acquisition are often faced with challenges when taking a deep dive into recently acquired new customer accounts. Although acquisitions can increase your customer base, new client relationships don’t always go as anticipated. The predecessor company had a history–maintaining customer accounts with previously established patterns of doing
Merchant cash advance agreements are drafted in a way that offers an advantage to the lender. Since the documents anticipate a default in payment by the buyer, why then do merchant cash advance companies record judgments in New York? In the past, merchant cash advance companies and other lenders required
In some cases, debt collection lawyers may offer contingency fee debt collection arrangements also known as no recovery, no fee collections. The debt collection process can include demand, mediation, arbitration, litigation and judgment enforcement. The availability of contingency fee debt collection depends upon the state’s and/or country’s rules and laws.
Let’s say your company has a corporate debtor that owes your company a sizable debt. You are concerned that the debtor is in poor financial condition, and that by the time a lawsuit commences and a judgment is obtained, the debtor will not have any assets available to satisfy the