Truth be told, your lawyer does not want to spend his or her time collecting receivables, as they are not a debt collection attorney. The process is labor intensive. They are not fond of charging you hourly to chase bad debt and risk ruining your relationship. If you ask your
Your customer asks for goods or services, with payment to be made later. They may already owe you money. Sensing your hesitation, the customer attempts to reassure you by promising payment; “don’t worry” they say “I guaranty you’ll get paid.” Is the customer’s promise to get you paid a true guaranty
Your non-paying U.S. customer has stopped paying or never paid for the goods or merchandise. They owe you money. Your demand for payment was ignored. You are not sure how you will collect from this customer because you do not have an office in the United States.
The traditional method of billing for commercial debt collection services is contingency fee; no collection, no fee. It is suggested that collection law firms should break tradition and offer different fee structures. Fees need to vary based upon client needs; i.e., hourly, non-contingent, contingent, etc. Some creditors may prefer to pay an hourly fee
Your debtor isn’t paying. Should you sue to collect your money? Whether to pursue litigation or not should be an economic decision rather than an emotional decision. Does it make economic sense to sue? Does the anticipated recovery on your claim justify digging into your pocket for NYC court costs or are you
When starting legal action on your NYC commercial debt collections case, your collection attorney will request you advance costs to cover anticipated disbursements. The amount requested is just enough to cover the costs of filing and service of the summons and complaint, fees, if any, associated with the entry of judgment, and
Choosing the right Court to start your NY commercial debt collections case is of utmost importance. The Court must have jurisdiction over the parties, power to decide the case. So, how do you know where your case should be brought? Three factors contribute to the decision of where the NY
Domesticating a foreign sister state Judgment in New York will NOT be possible without a clearly, carefully worded Affidavit drafted by your New York debt collection attorney. Quite often the Clerk rejects the request to enter the foreign sister state judgment because the accompanying Affidavit is incomplete or insufficient. New York
New York Supreme Court, a pioneer, first established a separate commercial division in 1995. The only state in the country to organize a separate Commercial Division, New York was a leader. Other states adjust their rules and regulations regarding commercial debt collections litigation to reflect those of New York. They
The goal of this debt collection lawyer is to work on the case and get the client paid without much involvement from the client. Clients would rather spend time focused on growing their business and securing paying customers than chasing bad debt. When you are asked to do any additional