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?
Recent updates to New York State Debt Collection Rules and Regulation impose stricter requirements on debt collectors collecting consumer claims in New York State. The amendments include substantial notice requirements on New York debt collectors. The intention is to advise consumers of their rights with respect to
One of the first things we analyze a claim for is whether the time limit for starting a lawsuit has expired. As with many rules, there may be applicable exceptions. Your case may not have “accrued” or started when you think it did. Or, the time limit may have been delayed
Having represented policy holders of credit insurance companies for over 25 years, FFGN understands the terms of credit insurance contracts. As with the change in policy affecting coverage for suppliers to Toys R Us and others, market changes affect coverage.
Why You Need a Collection Policy: Every business should have predetermined steps to follow when a customer does not pay, learn more about the steps to follow when collecting receivables and understand the traps that delay payment. The debt collection process can vary, but a skilled attorney can get you
Frank, Frank, Goldstein & Nager P.C. winner of New York Smart CEO- ESQ Service Area Firm Award in June 2015.
As a business owner, turning a profit is the bottom line. An important component to accomplishing this goal is employing well trained and accountable customer/sales representatives. Are your representatives:
After failing to receive any payments for monies owed, you’ve decided it’s time to proceed with debt collection litigation. However, the original agreement you and your client laid out did not specifiy terms in the event of delayed or nonpayment.
The process to domesticate a foreign judgments in New York will depend upon whether your judgment is a foreign country judgment or foreign sister state judgment.
New York state is liberal in the remedies it affords for enforcing judgments. In most cases, New York debt collection attorneys are able to enforce a judgment without seeking the Court’s permission and/or a court order.