A court in Canada recently ruled that a farmer’s “thumbs up” emoji response to a contract sent by a grain cooperative counts as acceptance of a contract, making the document a legally binding agreement. The case was heard in the Canadian province of Saskatchewan, where a court sided with a
Can you sue a company that doesn’t exist? Let’s say your company has unknowingly been selling goods to a fake corporate entity called “ABC INC.” From all indications, ABC INC. complies with all aspects of corporate formalities. All purchase orders are issued under ABC INC.’s name at ABC INC.’s corporate
Our client sued to recover monies owed for maintenance supplies sold and delivered to multiple buildings. The debtors did not answer the summons and complaint and we were ultimately able to enter a default judgment against the delinquent customer. However, their lack of response was due to failing to update
When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Law firms and collection agencies serve the same purpose initially. Both can send a demand letter and call the debtor
Are you using artificial intelligence to support your debt collection efforts? If not, you may want to employ the powers of AI to assist and boost your recovery rates on accounts receivable. Despite fears that AI will replace all human functions, AI won’t replace your collections department. However, your collections
Summons and complaints are the most important pleadings filed in debt collection litigation, which makes properly drafting summons and complaints incredibly important. A summons is a notice to the debtor that the creditor is filing a lawsuit against them. The complaint is the meat. It is where the creditor outlines
Legislative changes affecting consumer collections for consumer credit transactions recovery went into effect in 2022 largely as a result of the Consumer Credit Fairness Act (CCFA). The reforms were then codified into law through updates to the Civil Practice Law and Rules of New York. As a result, the law
Let’s say you provided a loan to a borrower. The borrower had been paying as scheduled but now comes to you and says they are having a cash flow problem. The borrower asks for a temporary pause on payments and says they will start making payments again after that period
Our client — a successful supplier of kitchen cabinets and appliances — was a subcontractor who did business with a well-known hotel operator for over 13 years. The hotel operator, although slow to pay, always sent a payment when truly pressed. But the payments became few and far between due
What happens to the money on deposit at the debt collection lawyer’s bank if that bank fails? Could you stand to lose the money? Recent news could leave you wondering whether monies collected and deposited by your debt collection attorney on your behalf will be safe or at risk. This