When money is tight, some seek out the last resort: a payday loan. These short-term, high-interest cash loans are offered in advance of a paycheck or some other form of cash injection. But the typically massive interest quickly adds up. Critics call these loans predatory and warn that borrowers can
New York courts closed on March 16 as the coronavirus spread. During that time, the courts suspended “non-essential” cases, including debt collection matters. Now that infection numbers are falling and restrictions beginning to lift, New York courts are starting to reopen and restore their services. Courts across the state are
As the COVID-19 infection rate in New York decreases, the focus has turned to reopening the state and returning to work. The “New York State on PAUSE” executive order went into effect on March 22, 2020, closing all non-essential businesses statewide. While necessary from a public health perspective, the effect
If you haven’t been paid, you may be wondering when you can file your New York debt collection case. Unfortunately, the answer is a bit complicated. When New York first went into quarantine, all courts closed except for emergency-based applications. Since then, the upper courts, the 62 counties of the
We recently explained that New York state will no longer recognize a confession of judgment signed by an out-of-state resident — whether that’s a company or an individual. So what happens if your company is based in New York but your client lives in New Jersey? What will you do
The world has been greatly impacted by COVID-19. Non-essential workers are confined to their homes and working remotely, if possible. Even the New York civil court system has been affected. On March 22, 2020, the New York Court Administration said all non-emergency state civil court filings would not be accepted,
New York has paused collection of some state-owned debt. Currently, there is no pause for privately owned debt, which might make it hard for some people to settle debt collection claims if they can’t pay due to the coronavirus outbreak. Some of our clients have made internal decisions to cease
There are lots of malicious actors lurking around the internet looking to defraud people and businesses alike. One of the best ways to protect your business from a debt collection scam is to put practices in place that protect you and your clients. Imagine your company has a customer that
Thinking of using your business line of credit to get you through the next month or two of the coronavirus shutdown? Here are some things for you to consider. Banks generally look for cash-rich businesses, especially in an economic downturn. That is not to say loans are not available. However,
All of us have been affected by the impact the coronavirus pandemic has had on daily life. Most of us who work in non-essential jobs have been directed to stay home pursuant to the governor’s executive order. How then, during the coronavirus pandemic, can you get documents notarized so that