Dealing with slow or non-paying customers or clients? Anticipate that you might need to pursue NY debt collection litigation efforts and keep records. What should you keep? All electronic and physical documents relating to the business relationship should be kept in anticipation of debt collection litigation. “Records” include the credit file,
Understanding possible excuses and defenses to delay or avoid payment will work to your advantage. Anticipate and keep the possible “reasons” a client could use not to pay in the forefront of your mind while performing services, recording time, billing, or responding to client’s inquires or concerns about fees. By
Apparel and auto manufacturing led the band in sending jobs overseas. Looking to maximize profit, manufacturers were lured by cheap labor and lower costs. Today’s trend is outsourcing. American companies looking to maximize profits are outsourcing almost every function: Technology, Investments, Logistics and more. Following suit, a consideration of yours
Under the right (or wrong circumstances), a New York judgment entered against you as a result of a vehicle mishap can cause suspension of your driver’s license and/or registration. If your business requires you to have drivers on the road or if you need to drive for work, you can
You have a New York debt collection judgment. Forced to sue, the customer didn’t defend. They ignored the lawsuit. Your New York debt collection judgment includes legal interest and a return of costs. Now that you have the judgment, collection should be relatively straightforward. Your knowledge of the client’s business and
You can navigate the New York State Courts to choose the Court that might be “friendlier” to your cause than another. That is not to say that you can shop for a better law, an old boys club or a Judge that will give you preferential treatment.
Great News! You settled your New York Debt Collection claim. You have another chance to better protect yourself to make sure payment is made as agreed. To do so you should incorporate the terms of the settlement in a written agreement. If you think you do not need a written
Goods were sold to your customer, delivered as specified. The goods were sold on terms which were not honored. You did not retain a security interest in the goods. Despite attempts to collect, the customer has failed to pay.
Absent fraud or other wrongdoing, principals of corporations remains shielded from liability for corporate debts. This limitation in New York debt collection litigation leaves creditors frustrated. An article that appeared in this week’s Wall Street Journal highlighted China’s policy to rate citizens based upon their moral and
In a contested debt collection litigation, mediation or arbitration, you may be asked to document time billed.