New York Debt Collection Litigation: Would China’s Social Credit Score Work To Help Get You Paid?

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  Continue reading “New York Debt Collection Litigation: Would China’s Social Credit Score Work To Help Get You Paid?”

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Amended New York State Debt Collection Rules.

downloadRecent 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 Continue reading “Amended New York State Debt Collection Rules.”

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Can You Begin New York Debt Collection Litigation and Ignore the Mediation Clause?

Can You Begin New York Debt Collection Litigation and Ignore the Mediation Clause?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 litigation and ignore the mediation clause.

Ignoring the mediation clause in the contract is risky and here’s why: Continue reading “Can You Begin New York Debt Collection Litigation and Ignore the Mediation Clause?”

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