What are the next steps in debt collection when demand fails to produce payment of your claim? If you have a written agreement with your client, the answer may depend on the terms and conditions of that agreement. Some contracts and agreements contain clauses dictating how disputes must be resolved.
Thinking about domesticating your out-of-state judgment in New York? If the out-of-state judgment was obtained on default, you may be concerned that moving to domesticate the judgment will lead the debtor to attempt to claim affirmative defenses. Can a previously defaulting defendant interpose an answer in a debt collection action
Real estate is big business in New York. You don’t need to own property to make money either. As a supplier or service provider, selling to co-ops and condos can be very lucrative. Just like the real estate business, debt collection in New York is also nuanced and has its
If you run a business, you likely send your clients invoices monthly for all goods delivered or charges incurred. You indicate in your initial agreement and subsequent invoices that payment is due within 30 days, and that any invoice paid beyond that period incurs a late fee of 10% interest
Business transactions are complex in nature, especially when involving major business organizations and deals. Even when negotiating with long-time business partners, there is no way to predict when issues and disputes may arise. All parties will want the best deal that favors them; unfortunately, this isn’t always possible with business
One of the many powers given to a judgment creditor is the right to subpoena either the debtor or a third party in aid of enforcing a civil money judgment entered in a New York state court. A judgment creditor may serve the judgment debtor with a “subpoena duces tecum,” wherein
New York’s real estate industry is highly competitive. It is inevitable to face various disputes and conflicts, whether in contract disagreement or property boundary disputes. When this happens to you, ensure you know how to handle these conflicts to keep your investments flowing. Keep reading to discover how arbitration and
Mediating a debt collection claim can be a successful way to reach an agreement to pay. Mediation can be voluntary, where both parties agree to participate, or due to a clause in the agreement that mandates mediation before proceeding to arbitration or litigation. However, there are issues that may
We want to congratulate Jocelyn Nager, the managing partner of Frank, Frank, Goldstein & Nager P.C., a New York law firm devoted to the collection of bad debt, on recent recognitions. Jocelyn has once again been recognized as AV Rated, top-rated, by Martindale Hubbell with an overall rating of 5.0.
When vacating a judgment entered against you is it better to make a regular motion or move by order to show cause? In order to decide, you’ll need to understand what the two are and the key differences between them. Notice of Motion In non-emergency situations, a party seeking a