Having a clear sense of your customer’s financials will help you determine if you should sell on terms. Since you are in essence acting as a lender, you must consider several factors when deciding whether to extend credit. Frank, Frank, Goldstein & Nager, P.C., your New York collection attorneys, believe
It happens, even to your New York debt collection attorney. A customer promises payment but fails to pay. When confronted, an excuse is made followed by another promise of payment. Often the second promise of payment leads to a third, fourth or fifth broken promise. The customer may assert that
It is vital to get paid for the work or services provided directly or with a NY commercial debt collection attorney. It is important not only because you did the work and deserve to be paid, but because it negatively affects your overall cash flow.
Fact: Very few judgments are paid voluntarily. Fact: You and your attorney must “seize” the opportunities to get your judgment paid. FACT: It’s up to you and your attorney to identify the assets to be “seized.” Thanks to the internet, information revealing debtor’s assets is mostly
Assets of all types can be sold to satisfy a judgment. An experienced New York debt collection attorney knows how to identify and seize assets so they can be sold to satisfy your judgment. You may be surprised which assets can be seized to get you paid. Throughout Frank, Frank,
Are you working harder to earn the same or less money? Bad debt write-offs affect more than just a company’s income for a given year; the write-off has a direct impact on the need for future sales. Consider this, the numbers are astounding
It is true what they say; the early bird catches the worm. This is especially true as it pertains to collecting receivables. One of the best suggestions your New York collection attorney can make is to call the customer. Approach calls with delinquent customers from a position of strength as soon as
When making demand for payment on New York debt collection cases we sometimes face a stand off. We want our client to be paid but the debtor has other ideas. In order to end the stalemate we need to ‘pull the trigger.’ That is: file an action or demand for mediation or
It has become apparent that your customer will not pay you. Your signed contract with the customer requires all fee disputes to be submitted to mediation. At this point, you are exhausted from all the efforts trying to collect the claim. You are ready to begin New York debt collection
Drafting a contract requires careful consideration and planning. For purposes of New York debt collection several clauses are of utmost importance. They relate to fee disputes, default provisions, venue, and governing law clauses. Today’s blog will focus on fee dispute clauses which require mediation to collect debt in New York.