Your customer didn’t pay. Because your contract required you to go to arbitration, you did. The arbitration was held and you won your case. Award was rendered in your favor for the full principal balance due together with costs and interest. A copy of the arbitration award was mailed to the customer but you still haven’t been paid. Can you now go ahead, enforce
Research in the UK indicates many small businesses fail to enforce their rights to get paid. The customer is hoping your emotions will over take your desire to pursue the monies owed on the New York commercial debt collection claim.
Public and Private businesses as well as Governmental units alike are challenged with the task of increasing profitability. It has been reported that it costs the IRS 50 cents on every dollar collected. It should be noted that approximately 7-8% of taxpayers are delinquent.
Our client had a great credit policy to protect themselves in the event they needed to pursue New York collection. They had all prospective customers complete credit applications. Accompanying the credit application was a separate guaranty of account for an Officer of the corporate customer to sign agreeing to be personally liable for
This update from your collection lawyer is about how the Social Security Administration had been collecting past due debts from people and their families without any regard to how old the debt was. There was no statute of limitations as to how long someone could owe taxes.
Congratulations on obtaining a New York judgment for monies due and owing to you or your company. Whether the claim was vigorously defended or the defendant failed to appear in the case, the end result is the same: a piece of paper, a judgment. Winning your case gives great satisfaction but does
Jocelyn Nager, Esq., President of Frank, Frank, Goldstein & Nager, P.C. a certified WBE company, Highly Commended by CCR (Credit Collections & Risk) at the Credit Excellence Awards in 2013, has been chosen to speak about practical and procedural aspects of judgment enforcement. She will be speaking at the New York State Bar Association
Demand for payment from your customer can be made from anywhere in the world. But what happens when your customer refuses to make a deal with the collection firm to pay the balance owed on your commercial claim and you need to sue? Suing in New York is beneficial to the creditor.
The New York Civil Court has proposed significant changes affecting debt collection litigation in consumer cases. In an attempt to put consumers on equal footing, offering them additional protection, Chief Judge Jonathan Lippman has proposed reforms affecting the over 100,000 consumer claims filed annually, half of which result in default judgments.
The question most often asked by creditors is “How do I make sure I have the best chance to collect accounts receivable?” My answer is always the same, “In order to maximize recovery, you need to employ ‘preventative collections.’” ** “Preventative collections,” a term coined by FFGN, is a three part