Your customer failed to pay the balance owed. Is the remedy debtors’ prison? In many states debtors’ prisons are a reality, not just something we read about in history books.
Remember the older debt that you couldn’t sue on because the time in which you could have brought legal action (the statute of limitations) had passed? For purposes of New York Debt Collection Litigation, payment can extend the life of the debt. If your customer made an on-account payment, you
If you are an individual and owe the IRS over $10,000.00 in back taxes,
Top 10 reasons why it takes so long to get paid on commercial debt collection: 1. The debtor led you to believe you were going to get paid so you held on to the claim, 2. The claim appeared collectable, but you decided not to pursue suit,
We are proud to announce to our FFGN readers that we have received recognition as debt collection attorneys. FFGN is thankful to have been named a finalist for the
The word on the streets of New York and Korea was that our client’s customer was notoriously slow to pay their vendors. Our client, a Korean manufacturing company, was owed $429,000.00 and did not want to wait to be paid. They contacted our New York business debt collection law firm
Webster and debt collection lawyers define “CUSTOMER” as “one that purchases a commodity or service.” “PURCHASE” is defined as “acquire (something) by paying for it.”
Commercial debt collection blog highlighting Bill Bartmann. Bill has done a terrific job by helping debtors improve their financial situation.
If your customer is experiencing financial difficulties, you need to move quickly. We can tell you, as debt collection attorneys, it may take months or even years to repay all the debt they have incurred, if at all. The delay in repayment may end up causing you to lose a
You are a subcontractor and performed the work agreed upon between you and the contractor. A New York City commercial debt collection attorney agrees, now, it is time for you to be paid. However, many construction contracts provide a ‘pay when paid’ clause. According to the ‘pay when paid’ contract,