Absent fraud or other wrongdoing, principals of corporations remains shielded from liability for corporate debts. This limitation in New York debt collection litigation leaves creditors frustrated. An article that appeared in this week’s Wall Street Journal highlighted China’s policy to rate citizens based upon their moral and
Call it a sham defense, a delay tactic or an obstacle created by the non-paying customer. A general denial is a defense used by many non-paying customers in New York debt collection litigation.
Recent updates to New York State Debt Collection Rules and Regulation impose stricter requirements on debt collectors collecting consumer claims in New York State. The amendments include substantial notice requirements on New York debt collectors. The intention is to advise consumers of their rights with respect to
It has become apparent that your customer will not pay you. Your signed contract with the customer requires all fee disputes to be submitted to mediation. At this point, you are exhausted from all the efforts trying to collect the claim. You are ready to begin New York debt collection
Remember the older debt that you couldn’t sue on because the time in which you could have brought legal action (the statute of limitations) had passed? For purposes of New York Debt Collection Litigation, payment can extend the life of the debt. If your customer made an on-account payment, you
If you pursue New York debt collection litigation will you have to appear in Court? Creditors are sometimes hesitant to file suit against non-paying customers because they are concerned they will need to spend days testifying in Court. Live testimony is not always necessary to win your case.
Out of state creditors can effectively litigate debt collection claims in New York State. The creditors need to be aware of specific legal issues that could arise when an out of state creditor litigates a claim in the New York Courts. An experienced New York debt collection litigation attorney is