Top 10 Debtor Delay Tactics
We’re sure you’ve heard them one time or another but here is our top 10 list of debtor delay tactics. Feel free to add your own gems in our comments section.
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The Facts In Every Debt Collection Case Are Unique
Your case is unique. Each case should be handled differently. A “collection” case is based on breach of contract, oral or written, and each contract is unique to the parties involved. The nature of the dispute and the action taken depends upon what had transpired during the transaction as based
Power of E-Filing
A recent change in Court procedures is the implementation of mandatory Electronic Filing in most Supreme Court cases. Effective February 27, 2012, pleadings and papers, including Judgments and payment of requisite filing fees, must be submitted online. A benefit of E-filing is the reduction of time needed to process Court documents.
Lien, Lien, Lien
Should I file a lien? Yes! A lien provides an interest in debtor’s assets. Several types of liens exist, all of which offer creditors additional tools or remedies that may be utilized to force payment. Security interests may be obtained before, during and after the transaction and vary depending upon
Smile You’ve Been Served
GPS Rule (Section 20-104 (a) of the New York City Administrative Code) for process servers went into effect on November 12, 2011.
Red Flag Rules
In order to help prevent identity fraud, businesses that provide goods and services on credit to the public are required to create Red Flag Rules. Red Flag Rules are a set of guidelines formulated to identify possible risks to customer information and to create guidelines and business practices to deal
My New Client Isn’t Paying Me – What Am I To Do?
Take Affirmative Action As a business leader much of your time is occupied by attracting new clients and building relationships.
Can I Write It Off?
Each Tax season we get asked “Can I Write It Off?” If you’re on an accrual basis (if you aren’t sure, ask your accountant), your outstanding receivables are considered income and you will be required to pay taxes regardless of whether you have been paid.
Entering a Default New York Judgment
The aim in a New York Commercial Debt Collection Case is to get paid. If not settled or paid after serving the summons and complaint, the goal is to obtain judgment.