There is good news for companies with their main office in New York State; you may not need a debt collection attorney to collect your money. If you are owed $5,000.00 or less from a business operating in any of the five (5) boroughs of New York City, you can
New York State debt collection litigation is often impacted by the Usury Laws. Usury is the maximum amount of interest that can be charged on personal loans.
Your customer is buying on terms; paying the balance over time. Can you charge interest on a New York commercial debt and include the interest in New York commercial debt litigation? Yes, you can definitely charge interest. Here are some factors to consider:
Although Frank, Frank, Goldstein & Nager is one of two certified women owned New York commercial debt collection law firms, it is the only certified woman owned (WBE) law firm in New York devoted exclusively to the collection of bad debt and commercial litigation.
When a creditor is going through the New York City commercial debt collection litigation process, time is of the essence. The speed in which a creditor is awarded judgment on their claim, allowing them to execute on that judgment and collect their money has always been most important. This is
As a New York commercial debt collection attorney, my clients ask how often they should run a bad debt aging report (an accounts receivable aging). If the client is selling on terms the answer is often, very often, perhaps even daily. The client should be aware of the amount owed
What is a debt collection attorney? Debt collection attorneys aka debt collection lawyers are commercial litigation attorneys. They litigate, take legal action on cases. Abraham Lincoln, our 16th President, was a collection attorney. As in President Lincoln’s day, collection attorneys handle breach of contract cases. Parties agree to provide goods
Implementing change can make a difference in your bottom line. The change need not be drastic. Is it true? Yes, in my experience, as a debt collection attorney, small changes can have a large impact.
You thought you were going to be paid when your customer received a debt collection lawyer’s letter. They didn’t pay. What do you do now? How do you increase your odds of getting paid? Pursue the lawsuit.
Out of state creditors can effectively litigate debt collection claims in New York State. The creditors need to be aware of specific legal issues that could arise when an out of state creditor litigates a claim in the New York Courts. An experienced New York debt collection litigation attorney is