Time is of the essence to get you paid. It is no secret that past due receivables are often an unhealthy sign of a company’s financial well-being or a signal that it soon will be. There are options to collect debt such as a Demand for Payment. There are other
You need to make sure your “voice” is heard when demanding to be paid during your New York Debt Collection process. People always say that it’s in the “ask”. How are you asking to be paid? An advertising client sent over a large claim against a hospital. The claim, a
Technology has been a blessing in countless ways. Agreements can be sent out electronically to prospective clients. Clients are able to review, and, if need be, make any revisions. The contracts can be “signed, sealed and delivered” with just a few keystrokes. Although it is faster and easier to get
The three major credit reporting agencies are changing the recording of judgment information. The changes will directly affect collection of New York judgments (and collection of your receivables). In part, effective July 2017, civil judgments must now include the judgment debtor’s date of birth or social security number in addition to
Because you supplied goods or worked on property in New York and didn’t get paid, you were able to take advantage of New York’s lien law and file a mechanics lien. By doing so you were able to put the world on notice that you have a claim as it
At some stage during the litigation life of your case, your attorneys will be required to appear in Court for a settlement conference. You may be required, or, want to appear to get a peek into the process. Our recent settlement conference in New York Federal Court was a stellar
The National Minority Business Council (NMBC) hosted their Executive Management Program on June 6, 2017. I was honored to have been invited to speak about debt collection. The participants and their businesses were in different life cycles and industries. What they had in common was an eagerness to grow their
Great communication is essential for success. This principle applies to collecting monies owed to you. To achieve better results from your collection efforts, this New York Collection Attorney’s advice is to pause through the uncomfortable silence when asking your client to pay. At some point, you have asked a customer
In order to best represent your interests, understanding the underlying transaction is key for your New York Collections Attorney. The facts together with the supporting documents will lay the foundation to build your case. An explanation of the customer’s reason for non-payment, if any should be divulged at the onset.
To maximize New York Debt Collection on unpaid invoices, consider varying the method in which you deliver your invoices. Doing so may get you paid. Take a lead from my digital legal library provider. The vendor had traditionally mailed invoices. For us, invoice came in, payment went out. At some point