Understand the consequence of the fee dispute provision in your contract before being faced with a non-paying customer. When asked to assist to collect a claim, one of the first questions we ask is about the dispute resolution clause in the client’s underlying contract.
Realization rate measures time billed with the percentage of fees collected. The higher the percentage of billings collected, the higher the realization rate.
Knowledge is power. Same is true in commercial debt collection. Understanding your client’s business, where their cash flow comes from and knowing their customer base, will get you paid.
Knowledge is power. Same is true in commercial debt collection. Understanding your client’s business, where their cash flow comes from and knowing their customer base, will get you paid.
Not everyone pays their lawyer. Collection of legal fees can differ from other types of commercial debt collection. Before pursuing collection, the law firm must be clear about the service rendered. Were the legal services rendered in an individual capacity and therefore be considered a consumer claim protected by the
For commercial debt collection cases involving the sale of goods, we often see non-paying customers using the same (or similar) defenses to explain why they haven’t paid for products received. Typically, these non-paying customers will defend their lack of payment by saying the goods they received were defective or nonconforming.
Jocelyn Nager, the firm’s managing partner, serves on the Steering Committee of the Harpur Law Council. Jocelyn, one of the four panelists on the Law Panel explained what it is like to manage a New York City Debt Collection Law Firm. “I think of myself as a business owner first
Sending an “account stated”, a bill, to your client can help you win your New York Debt Collection Case.
In the past, out of state creditors had been able to “extend” their time to pursue outstanding balances by filing their debt collection claims in New York State. The non-New York State resident would file their claim in New York which had a longer statute of limitations, time to start
Beginning January 1, 2016, our system can work with your receivable system.