After improving the value of real estate and not getting paid, you filed a mechanics lien. Because you believed you were entitled to more, you filed the exaggerated mechanics lien for more than owed to you under the contract. Due to this additional amount, the lien is now “exaggerated.” According
It may have been almost 20 years since you sued and entered your New York debt collection judgment, but you haven’t collected any monies. Since the judgment is set to expire, can your New York judgment get an extension past the deadline? New York State judgments are valid for 20
Looking for assets to satisfy your New York debt collection claim? According to this week’s New York Post, New York’s comptroller may have money that can satisfy your debt collection claim. The article highlights monies being held for the wealthy including the Trump Association, President Donald Trump, Jeff Bezos and
You agreed to settle and now, before signing the paperwork, have second thoughts because you are not happy about the terms of the settlement. Can you change your mind about settling your New York debt collection case? During a legal case, all parties may agree the case should be settled.
Schools, institutions, and other lenders are in the news for writing off their balances owed, thereby forgiving the debt. What are the consequences of debt forgiveness, and should you take advantage of debt forgiveness offered by a creditor? While it is true that when a debt is forgiven in whole
It is easy to navigate the small claims system. In the past, if you were owed $5,000 or less, you could bring your claim to New York City small claims court. There are advantages to taking your claim to small claims court. You represent yourself, so it’s cost-effective. However, whereas it
Do you ask your client if they’ve previously filed for bankruptcy? If not, you might want to. We are encouraged not to discriminate and to do business with individuals and companies who once filed for bankruptcy. After all, bankruptcy affords many companies relief, allowing them time to become better payors.
When a company incurs a debt but does not have enough cash to pay, it may issue a promissory note to memorialize the debt in writing. If you want to get paid in the future, it’s important to make sure your promissory note isn’t unenforceable. For instance, if a person
Sometimes New York courts require creditors to post a bond to maintain their debt collection case in the state’s courts. Could you be required to post a bond to maintain your New York debt collection case? Companies incorporated in New York, as well as ones incorporated in another state but
Unhappy with the decision rendered by the arbitrator(s) in your New York debt collection case? If so, you may have another chance to win your case by asking for a trial de novo. Parties wishing to get another bite at the apple in the “Big Apple” can, without specifying a