It’s hard to know when to stop doing business with a non-paying client and start enforcing your rights to payment. Failure to make the decision can put you out of business. Smart credit policies protect you from doing business with those least likely to pay. And smart collection policy designs
How long will it take for you to collect my money? My answer is: that I can tell you based upon statistics the percentage of cases that are paid in the demand, mediation, litigation, arbitration and judgment enforcement phases. Your non-paying customers’ financial ability to pay, their inclination to pay,
Just think, if more clients paid you in a timely manner what you could do with the money, not to mention the time. Give your business the gift that keeps on giving: Learn the secrets of increasing in-house collections and watch your cash flow grow. Here’s this NY Collection Attorney’s
The owner and/or the general contractor have not paid you. So, you filed a mechanic’s lien against the property. You were hoping that filing the lien would force payment. It did not. You received service of a Notice that requires you to foreclose on your lien. Can your non-paying customer
There are times when your client isn’t paying others besides you. Wouldn’t it be great to join forces with the other party by taking an assignment of their claim, or assigning yours to them? A united force through debt assignment to pursue a delinquent customer has both risks and rewards.
A debt collection litigation can spur bogus defenses from a debtor who is attempting to minimize or avoid their payment obligation. There may be cases where debtors have a legitimate reason for withholding payment. However, there are enough cases of bogus defenses that the courts have made accommodations to protect
Your ability to collect monies from a non-paying client in a New York Debt Collection case is most often limited by your very own contract. The ability to collect monies owed from the customer (damages) due to their non-performance: their failure to act i.e. pay is often dictated by the
Time is of the essence to get you paid. It is no secret that past due receivables are often an unhealthy sign of a company’s financial well-being or a signal that it soon will be. There are options to collect debt such as a Demand for Payment. There are other
Companies and organizations are often challenged with what to do when clients don’t pay within terms. There are some accounts that routinely do not pay outstanding invoices within your terms. These are opportunities to improve your company’s cash flow. While you may have your payment terms established at Net 30,
In the past, out of state creditors had been able to “extend” their time to pursue outstanding balances by filing their debt collection claims in New York State. The non-New York State resident would file their claim in New York which had a longer statute of limitations, time to start