Citing persistent abuse and a lack of state oversight, New York Governor Andrew Cuomo introduced an initiative requiring debt collection firms to become licensed with the state. A first for collection agencies operating in New York, the proposed legislation will … Continue reading
Read more...Category: New York Collection Laws
New York Debt Collection and Standing to Sue
New York debt collection and standing to sue, do you have that standing? Can a company that is unauthorized with NY State have standing to sue? Can such a company maintain NY state debt collection litigation to recover monies owed from a non-paying customer?
Do you know the answer to these questions?
Continue reading “New York Debt Collection and Standing to Sue”
Read more...Domesticating a Judgment in New York for Non-NY Cases
Domesticating a judgment in New York obtained out of state, to the dismay of some, is not automatic. New York does not allow the automatic registration of a judgment obtained on default from another state. Domesticating a sister-state judgment and converting it to a NY judgment requires filing a lawsuit. It is, therefore, important to understand the defenses available to someone contesting the domestication of the out-of-state judgment in New York. This also may be a good time to mention that out-of-state judgments are not treated the same as federal judgments. Continue reading “Domesticating a Judgment in New York for Non-NY Cases”
Debt Collection NY/NJ: More Than a River Apart
New Jersey and New York can be – with no traffic – a mere 5 minutes apart via the George Washington Bridge. It’s about the same through the Lincoln or Holland Tunnel. Aside from their closeness as Hudson River neighbors, New York and New Jersey are far apart on their approach to debt collection.
Many companies dealing with customers in the Tri-state area might not realize the differences between these two states and how it will affect their debt collection efforts. In light of that, let’s look at a few examples. Continue reading “Debt Collection NY/NJ: More Than a River Apart”
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