New York State has made it even easier for parties involved in a New York debt collection case to pursue their claims. Effective January 1, 2024, New York State will no longer require an Affidavit to support NY debt collection cases. This is good news, as the absence of this
Should New York State Governor Kathy Hochul sign Bill S7476, businesses may have more options when it comes to suing an out-of-state customer for non-payment in New York. The bill would essentially make it so that every company registered to do business in New York agrees that the New York
A court in Canada recently ruled that a farmer’s “thumbs up” emoji response to a contract sent by a grain cooperative counts as acceptance of a contract, making the document a legally binding agreement. The case was heard in the Canadian province of Saskatchewan, where a court sided with a
What happens to the money on deposit at the debt collection lawyer’s bank if that bank fails? Could you stand to lose the money? Recent news could leave you wondering whether monies collected and deposited by your debt collection attorney on your behalf will be safe or at risk. This
Last week, a New York court ruled that the NY Guaranty Law passed during the pandemic, which prevented landlords from pursuing good guy guarantors and others for commercial property, is unconstitutional. Can you now bring a lawsuit in New York against guarantors, including those who signed good guy clauses? During
Many people believe a recession would be good for the debt collection industry. They think more debt leads to more collectible debt, more collections, higher returns to clients, and increased fees to debt collection firms. Despite popular opinion, a recession does not benefit the debt collection industry or an individual
The New York legislature passed many new laws in 2022, some of which directly affect New York debt collection. We reported on many of these laws including: Cutting the statute of limitations in half to collect medical and consumer debt from six years to three years. Decreasing the legal rate
The 2022 State of the State Report by Governor Kathy Hochul promised to serve the people of New York. The report, which includes efforts to protect New York’s consumers and improve the state’s financial health, has been taking shape through new legislation throughout the year. Last week, the state imposed further
Frank, Frank Goldstein & Nager is proud to announce that it has once again been recognized by Inc. Magazine’s prestigious Inc. 5000 list as one of the fastest-growing private companies in the United States. FFGN, a law firm devoted to the collection of bad debt, is the only New York Law Firm
Delays in shipping and fees levied on American importers have led to severe delays and new challenges for businesses over the last few years. However, a new act from Congress may signal an end to the egregious shipping delays plaguing American businesses. The Ocean Shipping Reform Act of 2022, a