Looking to execute on a judgment but need more information about the judgment debtor’s assets to collect? If so, you might consider a debtor’s exam. A debtor’s exam provides an opportunity for the creditor to question the judgment debtor and discover information related to the defendant’s assets. The information sought
Demand for payment failed, and now you want to “go legal” with your debt collection claim. Regardless of whether you proceed with mediation, arbitration, or litigation, your collection attorney will need to choose the appropriate legal theories or causes of action to include in your New York debt collection case.
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