Does Unrecoverable Bad Debt Prevent Future Risk and Therefore Profit?
Understanding that profit follows risk, does unrecoverable bad debt prevent business owners from taking risk thereby decreasing future profit?
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General Denial: Obstacle to Payment. New York Debt Collection Litigation
Call it a sham defense, a delay tactic or an obstacle created by the non-paying customer. A general denial is a defense used by many non-paying customers in New York debt collection litigation.
New York Debt Collection: Getting In Our Own Way
A recent NY Times article illustrates an individual’s emotional attachment to finances. These feelings may impact the way a company pursues their receivables. The emotional attachment delays collection and impacts the bottom line. To read more click here.
New York Debt Collection: Staffing Your Collection Department
How do you determine how many people are needed to staff your collection department in order to achieve maximum recovery on receivables? Some may use the number of receivables as a guide, others, concentration using the 80/20 rule.
Collecting Commercial Debt in The United States: 50 States, Different Laws
Collecting Commercial bad debt in the United States is a maze of rules established by each state. The U.S. is comprised of 50 states. Each state having its own judicial system, governmental structure and laws. This is quite the opposite and is unlike the Federal Courts in the United States. All
Can I Win My New York Debt Collection Case by Summary Judgment?
There are times in New York City debt collection litigation when a case can be won without going to trial. Doing so saves substantial time and money. Not only can you win a judgment but you can also increase your chance of collection. The facts of your case, including the
Citizens Bank Quotes New York Debt Collection Attorney Jocelyn Nager
Limiting exposure to predictable non-payors is the best way to prevent uncollectable bad debt. Jocelyn Nager and her firm Frank, Frank, Goldstein & Nager P.C., New York Debt Collection Attorneys, have been quoted time and time again advising clients to avoid bad debt by predicting the non-payors. The most recent
Is Arbitration Worthwhile For My New York Debt Collection Case?
What do you do when your contract has compulsory arbitration as a fee dispute provision? Arbitration would be the next logical step. Consider the following scenario that happened this week to one of our specialty chemical manufacturers.
Debt Collection: The Challenges of Providing Adequate Notice
Notice advising a non-paying client of their failure to pay may be required before a party can proceed to enforce their rights to get paid. Last week we wrote about the failure to provide notice and its impact upon New York debt collection. Here is an example how the government
Faulty Notice: New York City Debt Collection
Many contracts require that the non-paying or non-performing party be given notice of their default. The agreement would further provide a set time frame in which the party has to cure their default, how the notice should be given; in writing, by email, fax, to whose attention, and the manner