Debt Collection And Your Reputation

Image of hands of two people working together.Debt collection is eventually an unfortunate byproduct of most commercial transactions. Extend credit to a customer for their purchase of goods or services, and they’re now in your debt. While most customers pay within the set terms, sometimes customers will be late, or they may even default entirely.

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New York Debt Collection Lawyer: How Long Will It Take for You to Collect My Money?

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, the documentation you have to evidence your transaction varies directly affects when we can collect your money. Every case is unique.

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What’s The Time Limit To Convert An Arbitration Award To A Judgment In NY?

You only have a year to do that. Since arbitration is an expedited process, you get a relatively short period to confirm the award in New York. Confirming the arbitration award has a 12-month statute of limitations. And the clock starts ticking the date of the arbitrator’s final determination, not the date of the arbitration award.

While confirming the award sounds simple and straightforward, there can be bumps in the road. Make certain not to drive into a pothole, causing damage beyond repair that prevents you from confirming your award on time. Continue reading “What’s The Time Limit To Convert An Arbitration Award To A Judgment In NY?”

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Should A Jury Decide Your Debt Collection Litigation Case?

Watching many a courtroom drama may have lead you to believe a jury will hang your nonpaying customer out to dry. Is it really as portrayed in the movies? Is a jury right to decide your debt collection case?

The right to a jury trial.

All parties to litigation, including debt collection litigation, are entitled to a jury trial. That is, of course, unless your underlying agreement with your customer included a provision for both parties that waived their rights. Continue reading “Should A Jury Decide Your Debt Collection Litigation Case?”

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