Knowledge = Power Getting Paid
Knowledge is power. Same is true in commercial debt collection. Understanding your client’s business, where their cash flow comes from and knowing their customer base, will get you paid.
Collecting legal fees in New York
Not everyone pays their lawyer. Collection of legal fees can differ from other types of commercial debt collection. Before pursuing collection, the law firm must be clear about the service rendered. Were the legal services rendered in an individual capacity and therefore be considered a consumer claim protected by the
Defective or Non-Conforming Goods: A Common Defense in New York Commercial Debt Collection Litigation
For commercial debt collection cases involving the sale of goods, we often see non-paying customers using the same (or similar) defenses to explain why they haven’t paid for products received. Typically, these non-paying customers will defend their lack of payment by saying the goods they received were defective or nonconforming.
Increase Your Rate of Collection with These Five Great Commercial Debt Collection Tips
Invoices are most collectable in the first thirty (30) days. Maximize the results of your efforts to collect your commercial debt by employing these five great commercial debt collection tips.
Your Commercial Debt Collection Claim is Uncollectable
Despite best efforts; papering the deal properly, securing an upfront deposit, investigating the customer, etc. not every commercial claim will be collectable There will be a percentage of commercial debt collection claims that will be deemed “uncollectable” and written off to bad debt.
Stop Profit Leaks NYC Debt Collection Attorneys
Has your client stopped paying you? Let us help you collect on your commercial debt! Frank, Frank, Goldstein & Nager, P.C., New York City commercial debt collection attorneys can help you get your money. Call Jocelyn Ruth Nager, Esq. at (212) 686-0100
Business Profits In The Real World
As business owners we know that cash is a critical fuel for our business. Our clients and customers have to pay in order for us to realize profitability. All uncollected sales dollars are what we call profit leaks.
Commercial Debt Collection UCC may impact your time to collect.
One of the first things we analyze a claim for is whether the time limit for starting a lawsuit has expired. As with many rules, there may be applicable exceptions. Your case may not have “accrued” or started when you think it did. Or, the time limit may have been delayed
Uninsured claim due to change in terms of credit insurance policy?
Having represented policy holders of credit insurance companies for over 25 years, FFGN understands the terms of credit insurance contracts. As with the change in policy affecting coverage for suppliers to Toys R Us and others, market changes affect coverage.
Sales Can Improve Collections if They Have an Eye towards the Bottom Line
As a business owner, turning a profit is the bottom line. An important component to accomplishing this goal is employing well trained and accountable customer/sales representatives. Are your representatives: