Creditors with claims of $25,000.00 or less file their cases to recover bad debt and pursue debt collection litigation in the New York City Civil Court. The requirement is that one of the parties must reside in the City of New York or the cause of action (the underlying transaction)
If you are extending monies to a customer in a business venture there is a way to further protect your interests and increase your success in New York debt collection.
Your corporate customer paid you with a check that was returned unpaid because of insufficient funds in their account. Can you do anything more than begin NY debt collection litigation against the corporation for the bum check?
You received payment from your customer for less than the full amount due and you are wondering if you can pursue a New York commercial debt collection claim against them. The customer clearly intends for the “on account” payment to represent “payment or settlement in full.” Can you accept the
Alert from your New York commercial collections attorney: If your customer pays you and files for bankruptcy within 90 days of making the payment, you may have to return the monies to become part of the debtor’s estate.
As a board member of IACC, I attended the July conference in San Diego, CA. Numerous presentations are held discussing commercial debt collection. ‘Hot Topics in the Commercial Collection Industry’ is always my favorite presentation at the conference. Collection agency owners and collection attorneys are able to openly discuss our
A final demand letter is a mere formality in most NYC debt collection litigation. Generally, it is not required except when relying on a contract, promissory note or other documents which specifically states notice of default must be given.
NY debt collection attorneys have a duty to inform you of E-discovery, the exchange of electronically stored information (ESI). Data stored in electronic format may be necessary to win your case. All electronic information (including voicemails) relating to a claim that may be brought by you or against your company
If you pursue New York debt collection litigation will you have to appear in Court? Creditors are sometimes hesitant to file suit against non-paying customers because they are concerned they will need to spend days testifying in Court. Live testimony is not always necessary to win your case.
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