Invoices are most collectable in the first thirty (30) days. Maximize the results of your efforts to collect your commercial debt by employing these five great commercial debt collection tips.
Despite best efforts; papering the deal properly, securing an upfront deposit, investigating the customer, etc. not every commercial claim will be collectable There will be a percentage of commercial debt collection claims that will be deemed “uncollectable” and written off to bad debt.
Your customer’s “name” makes all the difference when it comes to getting paid on a commercial debt collection claim. The way your client is “named” on the account affects 1) the success of winning and converting your case into a judgment and 2) Your ultimate ability to seize assets to satisfy
Decrease receivables and insure the best chances of collecting your commercial debt colleton claim to put more money in your pocket. Learn about the steps necessary to evaluate credit worthiness of potential “customer” and be able to establish, maintain and comply with a credit policy designed for your company.
Duty to Mitigate… what? As a party that has not been paid you still owe the non paying customer a duty.
Has your client stopped paying you? Let us help you collect on your commercial debt! Frank, Frank, Goldstein & Nager, P.C., New York City commercial debt collection attorneys can help you get your money. Call Jocelyn Ruth Nager, Esq. at (212) 686-0100
Slapping a sign on a truck that a customer has not paid you may make you feel better but will probably not get you paid. Those that see the sign will take note. But how many vendors will see the sign? Plastering the message on a truck is not the only way
As business owners we know that cash is a critical fuel for our business. Our clients and customers have to pay in order for us to realize profitability. All uncollected sales dollars are what we call profit leaks.
New York commercial debt collection practice has changed significantly over the past ten (10) years. During my twenty plus years in this field there have been few changes to the law. The procedures used to litigate commercial debt collection cases and enforce judgments are pretty much the same. Although there
Can a New York business hang a going out of business sign; close its doors – failing to pay a New York commercial debt? Are there mandated steps a business must follow to wind down or cease operation? Must an offer of settlement be made to resolve outstanding monies owed?