Should You Litigate Through to Judgment or Accept the Offer of Settlement?

Your customer has finally responded to your demands for payment on the aged receivable. The response was a tale of woe accompanied by an offer that was far too low. As if that was not enough, the customer can’t even pay a lump sum offer. He requested a long, long, long, term payout. You pressed for an increased offer but the customer refused to increase their offer of payment. The offer was presented as a take it or leave it deal. Should you accept the offer of settlement or litigate? What should you do?

 

Deciding what would be in your company’s best interest requires consideration of several factors:

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NYC Debt Collection Litigation: Changes to 100,000 Plus Consumer Debt Collection Cases Filed Yearly

Debt Collection LitigationThe New York Civil Court has proposed significant changes affecting debt collection litigation in consumer cases. In an attempt to put consumers on equal footing, offering them additional protection, Chief Judge Jonathan Lippman has proposed reforms affecting the over 100,000 consumer claims filed annually, half of which result in default judgments. Continue reading “NYC Debt Collection Litigation: Changes to 100,000 Plus Consumer Debt Collection Cases Filed Yearly”

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