For those of the Jewish faith, the Beth Din is an option to traditional legal debt collection in New York. New York state recognizes the rabbinical court. As such, any arbitration awards are enforceable in New York state courts. This means that any award rendered by the Beth Din can
The disclaimer “past results do not guarantee future performance” is true of many things including the recovery rate for commercial debt collection. A prospective client asked if I maintained statistics of our past NY Debt Collection claims. Whether he wanted to size us up, confirm the likelihood of collecting his
Even if you are not a lender by its strict definition, you can still place a lien on real property — such as a house or apartment — owned by your non-paying client in a New York debt collection case. The key word is “can.” In many instances, the money judgment
Are you wondering whether you should have a jury trial for your New York debt collection case? The courtroom can be dramatic, which may or may not be something you want. Debt collection cases where there is a dispute of facts that are not settled or won through motion practice
New York debt collection claim practices have been in the news. There’s been publicity recently about debt collection practices of the merchant cash-advance industry. It can shed light on how to avoid legal disputes in your debt collection claim. It doesn’t matter whether it’s money loaned, services rendered, or goods
New York debt collection and standing to sue, do you have that standing? Can a company that is unauthorized with NY State have standing to sue? Can such a company maintain NY state debt collection litigation to recover monies owed from a non-paying customer? Do you know the answer to
Domesticating a judgment in New York obtained out of state, to the dismay of some, is not automatic. New York does not allow the automatic registration of a judgment obtained on default from another state. Domesticating a sister-state judgment and converting it to a NY judgment requires filing a lawsuit.
New York mechanic’s liens are truly influential. Why is that important to you? New York’s real estate boom has been a tremendous catalyst for growth. And, points of pain may be associated with that growth. For instance, if you’re someone who has extended credit to fund one project or a
Bad debt costs money. But do you know how much? Not getting paid has cost you the anticipated profit, maybe some or all the cost involved in servicing the client, and maybe more. Projections did not account for the increased amount of the bad debt. Assuming you can recover some of
As with any industry, there are business advisors or debt settlement companies that evaluate a company’s finances and make suggestions to help ease the debt. The goal is to keep the company operating. They can negotiate with creditors or not. Fees paid can be either contingent upon a deal with