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
Facing an inquest as part of your debt collection case? Knowing how to prepare for an inquest is crucial if you want to recover the most money in your debt collection case. There are two main components you’ll need to prove in your debt collection case: liability and damages. You
Creditors and debtors alike have been holding their breath waiting to see what New York Governor Andrew Cuomo would do as it relates to civil actions in the state, more specifically debt collection litigation. On November 3, 2020, Governor Cuomo issued an executive order which basically gives litigants a green
An issue that comes up time and time again in debt collection settlements is whether parties can continue doing business together even though the creditor has placed the account for collection. If so, can a settlement agreement anticipate and include future deals? It happens more often than you would think.
After finally collecting the monies owed to you through debt collection litigation, the debtor wants their money back. How is that possible? Doesn’t the money belong to you? Can a debtor really get their money back? Recovering monies owed can be a long and arduous process. First, you have to
Without aid from the federal government, New York state will see budget cuts of 10 billion in 2021 followed by budget cuts of 30 billion in 2022. Some of the anticipated cuts will affect our judicial system. The budget cuts will affect New York debt collection cases. Here’s how. Governor
The joint and several clause appears in almost every legal loan document. Many people sign loan documents and guarantees after a quick glance because they want to make a deal. The issue with signing without reading the underlying documents is that if and when someone seeks to enforce the agreement
Ms. Jocelyn Nager, Esq., the managing partner of Frank, Frank, Goldstein & Nager, has been awarded an AV Preeminent rating by Martindale-Hubbell for 2020. An AV Preeminent rating is the highest possible rating a lawyer can receive. Ratings are determined through a strenuous peer-review process from members of the Bar