If collecting debts owed to your business is draining your time, patience, and resources, it’s time to consider hiring a professional. The internet is awash with ads for collection agencies that promise to obtain money for you, but their harsh and aggressive collection techniques could reflect badly on your business.
Filing a mechanic’s lien may not be enough to get paid. While it works as a lien on the real property you improved, if not voluntarily paid, you will have to make a decision regarding what to do next. The lien itself can not secure payment for monies owed. Here
States have their own rules and regulations when it comes to freezing or restraining bank accounts. Creditors and debtors alike often wonder how debt collection attorneys restrain bank accounts. Below we demystify the process and explain how to freeze a bank account.
Whether you are looking for assistance with collection efforts or want to make sure your current vendor is in compliance, you should be familiar with the laws that govern New York debt collection. This way you can be sure your agency or attorney is in compliance. It should be noted
New York on PAUSE during the COVID-19 pandemic initially meant that other than emergency applications, no New York debt collection litigation cases could be filed. Creditors could not use the courts to collect monies owed to them. When the courts re-opened, only cases filed pre-shutdown (before March 22, 2020) could
Should there be another court shutdown in 2021, you may be wondering how to maximize debt collection in 2021? New York on PAUSE in March 2020, closed New York courts for almost all debt collection efforts. The need to get paid to stay afloat was not considered urgent enough to
The media has brought attention to debt collection firms that have failed to deliver proper notice of debt collection actions to debtors. The result of these investigations highlights the judgments entered without cause and disciplinary actions against the firms for failing to deliver solid service of the court documents. Not
The route your debt collection case takes depends upon the nature of the debt, your underlying agreement with the client, their financial situation, and which NY debt collection options you’re open to. Factors that can impact your decision include the amount owed, the non-paying customer’s location, the underlying agreement between
Ms. Jocelyn Nager, the managing partner of Frank, Frank, Goldstein & Nager P.C., a New York debt collection law firm, has been named a “Super Lawyer” for the fifth consecutive year. Super Lawyers is a rating service that features outstanding lawyers from more than 70 practice areas. The list recognizes no
To ensure timely payments from their customers, many companies have clauses in their agreements or invoices with terms of interest for late payments. It is not uncommon for invoices to state they must be paid within 30 days, after which the balance shall accrue at 1.5% interest per month. There