Meet Your Debtor Face to Face

Two men shaking hands.Is there value in an old-fashioned sit-down with your nonpaying client?

You caught the client’s attention and now they would like to meet. Should you? Is it worth your time? Could it lead to a resolution? Seems that the client now wants to discuss the claim and have asked for a face to face meeting. They had ample opportunity to do so before you started the litigation process. So why now?

Perhaps the filing of the lawsuit was the trigger. Not only do they recognize that you mean business and that your goal is collecting the monies owed you.  Continue reading “Meet Your Debtor Face to Face”

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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:

Continue reading “Should You Litigate Through to Judgment or Accept the Offer of Settlement?”

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How Do You Start Debt Collection Litigation in New York?

How Do You Start Debt Collection Litigation in New York?Debt collection litigation in New York is started by the filing of a document detailing the relief requested. In other words, the document details why you are filing the lawsuit and what you are looking to gain. Continue reading “How Do You Start Debt Collection Litigation in New York?”

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Debt Collection Litigation: Can You Bring Your Debt Collection Case in New York Civil Court?

Debt Collection Litigation: Can You Bring Your Debt Collection Case in New York Civil Court?Creditors with claims of $25,000.00 or less file their cases to recover bad debt and pursue debt collection litigation in the New York City Civil Court. The requirement is that one of the parties must reside in the City of New York or the cause of action (the underlying transaction) originated within the City of New York. Continue reading “Debt Collection Litigation: Can You Bring Your Debt Collection Case in New York Civil Court?”

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