As New York debt collection attorneys, other attorneys and creditors often retain us when domesticating out-of-state judgments in New York. New York draws a large distinction between out-of-state judgments obtained on the merits and those obtained on default. The court does not ask why the creditor seeks domestication in New
Want to know if debt collection calls really pay off? Ask the Internal Revenue Service. The IRS often contracts debt collection firms to collect from debtors. Collection firms are allowed to make demands by letter but not over the phone. The IRS thought phone calls would confuse taxpayers — not knowing
Just think, if more clients paid you in a timely manner what you could do with the money, not to mention the time. Give your business the gift that keeps on giving: Learn the secrets of increasing in-house collections and watch your cash flow grow. Here’s this NY Collection Attorney’s
For years the buzzword has been diversity. So many meanings, so many applications. For FFGN, a certified M/WBE NY Debt Collection law firm, diversity hits home. According to an article published in yesterday’s Wall Street Journal, although women account for 50% of the graduating classes at law schools, women are
Why You Need a Collection Policy: Every business should have predetermined steps to follow when a customer does not pay, learn more about the steps to follow when collecting receivables and understand the traps that delay payment. The debt collection process can vary, but a skilled attorney can get you
I first heard the term “litigation discount” a few weeks ago from my adversary on a New York debt collection case. My client, a Chinese mattress pad manufacturer, was owed monies for goods shipped to New York. The defense was a claim that the cartons in which the mattress pads
Your collection manager gave it their best shot — calls, letters, emails, faxes, an offer to go to debtor’s premises to pick up a check — before referring your non-paying customer out for collection. If the debtor doesn’t respond, or the responsive is not productive, your best option is to
After months of trying — and failing — to successfully collect monies owed by a former customer, chances are it’s time to consult someone with debt collection experience. Perhaps you’ve done your research: You’ve investigated local firms and agencies, taken notes, and compared fees. You’ve done the math, but have
Everyone is officially back to business, seeking opportunities and trying to close new deals. Focus on collecting your receivables and you will not have to “sell” as much. This is because of bad debt’s multiplier effect on sales.
Collection Attorney or Collection Agency: Which is Best for My Business? Working with a law firm dedicated to collection matters may preserve your relationship with your client while simultaneously receiving compensation for your business.