The disclaimer “past results do not guarantee future performance” is true of many things including the recovery rate for commercial debt collection. A prospective client asked if I maintained statistics of our past NY Debt Collection claims. Whether he wanted to size us up, confirm the likelihood of collecting his
You sued and won your New York debt collection case. The judgment issued in your favor allows you to lien the debtor’s real property. The following NY debt collection judgment lien created is valid for up to 10 years. But what happens after a decade is up? Does the lien
Even if you are not a lender by its strict definition, you can still place a lien on real property — such as a house or apartment — owned by your non-paying client in a New York debt collection case. The key word is “can.” In many instances, the money judgment
We previously highlighted the benefits of Confessions of Judgment in New York debt collection. Typically, when our clients who are collecting a debt wish to avoid litigation, we recommend utilizing confessions of judgment. Recent reports regarding the debt collection practices of the merchant cash-advance industry have spurred greater public awareness of
More debtors than ever are paying by credit cards or through apps linked to their credit card, but these come with a processing fee. Who pays the credit card fees on debt payments? Until recently, New York banned merchants from burdening customers with a “surcharge fee” when they paid by
Are you wondering whether you should have a jury trial for your New York debt collection case? The courtroom can be dramatic, which may or may not be something you want. Debt collection cases where there is a dispute of facts that are not settled or won through motion practice
Want to win your New York debt collection case? Ask your non-paying customer to sign a promissory note. If your customer says they’ll pay the debt, having them sign a promissory note confirming this commitment can help you prove they owe you money should legal action be pursued.
Want to know if debt collection calls really pay off? Ask the Internal Revenue Service. The IRS often contracts debt collection firms to collect from debtors. Collection firms are allowed to make demands by letter but not over the phone. The IRS thought phone calls would confuse taxpayers — not knowing
Having navigated the commercial debt collection process for over 80 years, we are always learning how to improve and get a better rate of return on our calls. Experience has taught us that it’s important to have processes and procedures in place in order for success. In this discussion, we’ll
The scenario: You’ve been served with an income execution by the Sheriff or City Marshall to withhold wages from your employee’s paycheck for a debt owed. Other than more paperwork, what else could it mean for you and your business? Understanding your responsibility as an employer is essential if you