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
Your customer fails to make payment. If payment is not made within 30 days your invoice states that you have the right to more than just the contracted price. You carefully included additional terms on your invoice. These terms stood out in bold type. Your invoice stated that you would
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
The three major credit reporting agencies are changing the recording of judgment information. The changes will directly affect collection of New York judgments (and collection of your receivables). In part, effective July 2017, civil judgments must now include the judgment debtor’s date of birth or social security number in addition to
At some stage during the litigation life of your case, your attorneys will be required to appear in Court for a settlement conference. You may be required, or, want to appear to get a peek into the process. Our recent settlement conference in New York Federal Court was a stellar
The National Minority Business Council (NMBC) hosted their Executive Management Program on June 6, 2017. I was honored to have been invited to speak about debt collection. The participants and their businesses were in different life cycles and industries. What they had in common was an eagerness to grow their
Yes, you will need to have a good case proving all elements of a breach of contract case. You will be required to prove that you performed under the terms of the contract and your customer failed to pay or repay you as agreed. But just having a good case is
Whether it’s construction services, professional services, modifications or enhancements to manufactured goods, everyone faces the same difficulties collecting monies owed for change orders or work beyond the scope. During Debt Collection, Why are change orders or work beyond the scope so difficult to collect? Here are a few reasons
We are taught profit follows risk. We take risks in order to maximize our profits. But in the world of debt collection does profit really follow risk? Take for example a very good friend who is in the furniture business. He’s been selling to the same overseas client for over
Notice advising a non-paying client of their failure to pay may be required before a party can proceed to enforce their rights to get paid. Last week we wrote about the failure to provide notice and its impact upon New York debt collection. Here is an example how the government