FAQ: Can I recover the cost of collection or attorney’s fees for debt collection? A frequently asked question about New York debt collection is whether a creditor can recover the cost of collections, including attorney’s fees. A request to recover the collection costs, including attorney’s fees, can be included in
Looking to domesticate a judgment in New York and wondering if it’s worth the expense? Consider the following: Except for judgments obtained for medical services, New York is extremely liberal when it comes to judgment enforcement. The New York Civil Rules of Civil Procedure allow collection attorneys to execute judgments
Lawyers are never at a loss for words, that’s for certain! But when it comes to filing some court documents, there’s a limit to how many words they can use. The New York Supreme Court has a word limit for most legal papers filed within its system. Although this rule
In our modern times, it’s easy to find whatever you’re looking for within a few clicks. Though the internet makes finding goods and services simple, that doesn’t mean the first option you come across will be what’s best for you. This is especially true when it comes to legal services.
A guarantee is a written promise by one person to pay another’s debt. In a commercial setting, a guarantee is typically the promise of an owner or officer to pay the debt of a corporate entity should it default on its obligation. A commercial guarantee provides additional security and consideration
With the new year comes an increase in the minimum wage in New York. The new rate depends on the region where the employee works. As of January 1, 2025, the state minimum wage increased by $0.50. In many parts of New York, the minimum wage is now $16.50, more
Doing business with a delinquent customer? Applying current customer payments toward overdue accounts could cost you. Our client continued to sell to their customer, even though the customer was in arrears. However, the client changed the terms, requiring payment within a few days of shipment. The payments made were meant
What happens if a client who kept insurance funds proceeds later files for bankruptcy? Will a bankruptcy court allow the debtor to keep monies intended for you? According to a recent New York court case, the answer is no. The bankruptcy court refused to grant a discharge to a debtor
Looking to domesticate a judgment based on an out-of-state arbitration award in New York? The process will differ depending on whether the debtor appeared during the confirmation process. New York differentiates judgments obtained by default from those obtained on the merits. If your judgment debtor participated in the underlying arbitration
If you owe money, is your spouse liable for your debt? Being married does not, in itself, mean you are liable for your spouse’s debts. There may be spousal liability, however, if the doctrine of necessaries applies and creates enforceable financial liability. The general rule is that, absent an agreement, a