New York Commercial Debt Collection: Duty to Mitigate Damages
Duty to Mitigate… what? As a party that has not been paid you still owe the non paying customer a duty.
Duty to Mitigate… what? As a party that has not been paid you still owe the non paying customer a duty.
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
Slapping a sign on a truck that a customer has not paid you may make you feel better but will probably not get you paid. Those that see the sign will take note. But how many vendors will see the sign? Plastering the message on a truck is not the only way
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.
Can a New York business hang a going out of business sign; close its doors – failing to pay a New York commercial debt? Are there mandated steps a business must follow to wind down or cease operation? Must an offer of settlement be made to resolve outstanding monies owed?
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
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
Frank, Frank, Goldstein & Nager P.C. winner of New York Smart CEO- ESQ Service Area Firm Award in June 2015.
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:
You weren’t paid and want to collect your money. You need to move forward with debt collection immediately. Where do you turn? Where should your claim be pursued?