If you pursue New York debt collection litigation will you have to appear in Court? Creditors are sometimes hesitant to file suit against non-paying customers because they are concerned they will need to spend days testifying in Court. Live testimony is not always necessary to win your case.
There is good news for companies with their main office in New York State; you may not need a debt collection attorney to collect your money. If you are owed $5,000.00 or less from a business operating in any of the five (5) boroughs of New York City, you can
New York State debt collection litigation is often impacted by the Usury Laws. Usury is the maximum amount of interest that can be charged on personal loans.
Your customer is buying on terms; paying the balance over time. Can you charge interest on a New York commercial debt and include the interest in New York commercial debt litigation? Yes, you can definitely charge interest. Here are some factors to consider:
Although Frank, Frank, Goldstein & Nager is one of two certified women owned New York commercial debt collection law firms, it is the only certified woman owned (WBE) law firm in New York devoted exclusively to the collection of bad debt and commercial litigation.
When a creditor is going through the New York City commercial debt collection litigation process, time is of the essence. The speed in which a creditor is awarded judgment on their claim, allowing them to execute on that judgment and collect their money has always been most important. This is
Out of state creditors can effectively litigate debt collection claims in New York State. The creditors need to be aware of specific legal issues that could arise when an out of state creditor litigates a claim in the New York Courts. An experienced New York debt collection litigation attorney is
How can you maximize your chances of getting paid? A New York commercial debt collections attorney can help you. Include these three elements, the “three c’s”, in your business processes to increase the likelihood of getting paid:
On April 23, 2013, the New York State General Assembly passed a bill titled the Consumer Credit Fairness Act which introduced new requirements for debt collection litigation in New York against consumers.
When a debt is owed, there is a fixed time limit, a statute of limitations, to file a lawsuit or an appeal. The length of time to bring the suit varies and is dependent on the type of case. For example, in New York State, most breach of contract cases