New York Debt Collection Laws
New York’s Debt Collection laws focus on regulating collection of consumer debts. The laws, at least as of now, have little or no impact on the collections of commercial , business to business, debt collection.
New York’s Debt Collection laws focus on regulating collection of consumer debts. The laws, at least as of now, have little or no impact on the collections of commercial , business to business, debt collection.
Business owners alike wonder if they have a higher rate of unpaid outstanding receivables than their competitors.
We are proud to announce that Jocelyn Nager, the managing partner of Frank, Frank, Goldstein & Nager, New York City debt collections lawyer, has been selected as one of the Top Rated Creditor Debtor Rights Lawyer in New York. Jocelyn is thankful to have been selected for the 2016 New York
You meet and begin a relationship. You establish a rapport and explore the possibility of doing business together.
Understanding that profit follows risk, does unrecoverable bad debt prevent business owners from taking risk thereby decreasing future profit?
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.
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.
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 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
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