There are many downsides to merchant cash advances. A merchant cash advance, or MCA, is a type of financing agreement for businesses. An MCA company purchases a portion of a business’s future revenue in exchange for a lump sum. That money is often repaid with a percentage of the business’
Most summons and complaints filed in New York debt collection cases are worded specifically with the necessary buzzwords and demand a certain sum. If the debtor defaults in the case, fails to appear or answer, the creditor’s debt collection attorney can then submit a judgment to the clerk for signature.
Can you use a New York debt collection judgment to lien a debtor’s co-op or condo? As a judgment creditor, you want to restrain, attach and lien as many of the judgment debtor’s assets in order to satisfy your judgment. If the restraints, attachments, liens, and executions don’t satisfy the
Seeking replevin is common and used by debt collection lawyers to recover goods or collateral for their clients. Replevin is available to a party seeking the return of goods pursuant to a court order directing a party to return the goods or collateral to you. An application for replevin relies
As a result of not getting paid for improvements to real property, you filed a mechanics lien. Rather than pay the lien, the owner of the property or general contractor posted a bond to discharge the lien. What does a mechanics lien bond mean and what do you need to
Is your company purchasing or importing goods made in China? If you are having a dispute with your exporter from China, you should be mindful of the rules that govern international transactions. The rules concerning the sale of goods are typically governed by Article 2 of the Uniform Commercial Code.
Assume you are part of an accounting firm, and your firm has provided a large amount of accounting services for a client that is a limited liability company. The outstanding receivables for providing said services have started to accumulate to a large figure. You want to proceed legally against the
Companies that grow by acquisition are often faced with challenges when taking a deep dive into recently acquired new customer accounts. Although acquisitions can increase your customer base, new client relationships don’t always go as anticipated. The predecessor company had a history–maintaining customer accounts with previously established patterns of doing
Merchant cash advance agreements are drafted in a way that offers an advantage to the lender. Since the documents anticipate a default in payment by the buyer, why then do merchant cash advance companies record judgments in New York? In the past, merchant cash advance companies and other lenders required
In some cases, debt collection lawyers may offer contingency fee debt collection arrangements also known as no recovery, no fee collections. The debt collection process can include demand, mediation, arbitration, litigation and judgment enforcement. The availability of contingency fee debt collection depends upon the state’s and/or country’s rules and laws.