FAQs

When planning for the end of the year, it is vital to review your accounts receivable. Please read this blog for more information about this topic.

There is a difference between meeting a requirement to let your customers know they are in default and notifying customers that they are being sent to a collection attorney. For further information on this topic, please refer to this collection attorney blog.

A debt collection law firm focuses on collecting client’s accounts receivables. A collection law firm acts as a “legal agency.” They make demand by phone and in writing. If efforts are not fruitful and the balance warrants suit, subject to client’s authorization, the law firm can litigate the claim.

No two collection cases are exactly identical. There are certain rules, procedures and nuances that need to be followed. An attorney involved in collections will know what those procedures are and will be familiar with dealing with the various cases and defenses.

The only requirement is that the receivable needs to be a valid debt, within the allotted time to pursue.

Sometimes yes, it depends on the case. In some instances you can seek return of your collateral.

The Statute of limitations is the time period in which you may bring a legal action. The length of time differs based upon the type of case.

Your customer has been making payments. On account payments from your client/customer may extend the statute of limitations.

Yes, the receivables become part of the “estate.” Permission must be granted by the trustee to the law firm to collect the receivables.

You are operating outside of the United States and have a non-paying U.S. customer. You may be able to pursue that customer.

If your customer makes a promise, it is a promise, not a guaranty. A guaranty is a written document (which includes other criteria) that can be enforced.

You were paid for the work done and now you are seeking the help of your NY collection attorney because your customer is trying to reverse the payment. Depending on the card type, your customer has quite a while to dispute a payment.

Having clear terms of sale can you reduce non-payment disputes.  Having clear terms of sale allows both parties to be on the same page.

You already review the critical information from your accounts receivable aging report but it can tell you even more about your customers, your policies, etc.

According to Jocelyn Nager, New York collection attorney, the fact that the number of homes going into foreclosure is decreasing is a sign.

The IRS decided that it makes more sense to outsource their receivables. Deciding to outsource your debt collection is dependent upon your company and its receivables.

Your need not wait until after you have done business with a customer to come to the realization that you will not get paid. Please read this blog for more information about this topic.

Writing-off bad debt has a very large impact on your company and its future sales. In this blog, we address how much your company can be impacted by just one bad debt write-off.

Your customer continues to promise payment again and again. They have endless excuses as to why they cannot pay. You want to get paid on your New York debt collection case. Read this blog to take the first step towards enforcing your rights to get paid.

There are many ways in which you can achieve credit success. However, a review of your receivables is extremely important. Our blog, “Achieving Credit Success” speaks to this specific topic.

Offering a discount may be enticing. After all, you will probably get paid faster. But what about next year, will the customer expect the same discount again and again? This New York City debt collection attorney blog discusses the advantages and disadvantages of offering a discount.

Some attorneys operate on a contingency fee. Others operate on an hourly fee. It is suggested that your attorney should offer you the choice for your commercial debt collection services. So, if you prefer to pay on an hourly, you can do so. Or, if you prefer to pay on a contingency fee, you have that option.

Your attorney wants to introduce you to a reputable debt collection attorney. Debt collection work can be labor intensive. Your attorney remains your trusted advisor while helping you increase your bottom line.

To help secure your interest, you will want to read this blog from your New York City collection attorney.

Domesticating a foreign judgment in New York can be done with the use of an Affidavit.

You want to turn the paper judgment into money. Sometimes the way to go about collecting on the New York judgment is to file an income execution. However, there are many variables to determine whether the income execution will be able to be honored or not.

Today, with so much information readily available, it is much easier to identify assets. For more information about this topic please read this blog on seizing assets.

In New York debt collection, mediation can be extremely helpful. Mediators are able to take a look at the case and make a recommendation to resolve the case.

Ignoring the mediation clause is a risk. To learn more about this, read our blog post on this topic.

Not necessarily.  You need to undergo the process of “confirming” the award in order for the arbitration award to become an enforceable judgment.

A commercial debt collection claim is non-payment by a business in exchange for goods sold and delivered OR work, labor or services provided at the request of the non-paying party.

Your NYC commercial debt collections attorney will request a certain amount of costs from you when starting a legal action. The amount will vary. It could vary between $225.00 to $650.00 and sometimes additional costs are required.

A Certificate of Conformity is needed when the Affidavit is signed outside of New York State.

When your commercial debt is increasing, it can become difficult to want to continue working without being paid. Sometimes you can stop working and sometimes you cannot. It really depends upon the industry you work in as well as a few other very important stipulations.

If the answer is yes, it is important to be clear as to the communication with the customer. Your commercial debt collection attorney will tell you that any documents need to be drafted in your favor.

To make sure you have the best chance to collect accounts receivables, employ Preventative Collections. FFGN has coined the term “preventative collections” which is a three part program. To have the best chance of recovery, we recommend employing this program.

You can collect on your commercial claim in New York if your customer is out of state, if you or your customer has a connection to New York or if the transaction arose in New York, you can sue in New York, unless there is an agreement stating the contrary.

Your New York collection attorney would advise you to call your customer.

If you don’t like making collection calls, we recommend calling first thing in the morning. Our blog speaks to this exact topic.

There are numerous ways you can collect quicker. One way to collect quicker is to correspond with the customer prior to the date that payment is due. Read this blog for more information about how you can make this happen.

It depends on the type of debt. The applicable time period in which you can bring your claim is known as the statute of limitations.

Three factors contribute to the decision of where the NY commercial debt collections case must be brought. Choosing the New York Court that can hear the case based upon jurisdiction and dollar amount, choosing the Court that has jurisdiction over the debtor/defendant, and choosing the Court that will benefit the creditor.

Your NYC commercial debt collections attorney will request a certain amount of costs from you when starting a legal action. The amount will vary. It could vary between $225.00 to $650.00 and sometimes additional costs are required.

Spending NYC court costs on your claim is an economic decision. Having a clear understanding of the costs, fees, etc. is important to make the right decision.

You can collect on your commercial claim in New York if your customer is out of state, if you or your customer has a connection to New York or if the transaction arose in New York, you can sue in New York, unless there is an agreement stating the contrary.

If you have solid credit documents, it will support your New York collection. It is very important to have solid, clear credit documents. Without them you may end up not being able to collect on your case.

It depends on the case. Sometimes proceeding with the case is enough to bring the debtor to the table. Here is a New York debt collection case study about a client who did not delay and was paid in full.

Your New York collection attorney would advise you to call your customer.