Goods were sold to your customer, delivered as specified. The goods were sold on terms which were not honored. You did not retain a security interest in the goods. Despite attempts to collect, the customer has failed to pay.
A recent NY Times article illustrates an individual’s emotional attachment to finances. These feelings may impact the way a company pursues their receivables. The emotional attachment delays collection and impacts the bottom line. To read more click here.
How do you determine how many people are needed to staff your collection department in order to achieve maximum recovery on receivables? Some may use the number of receivables as a guide, others, concentration using the 80/20 rule.
There are times in New York City debt collection litigation when a case can be won without going to trial. Doing so saves substantial time and money. Not only can you win a judgment but you can also increase your chance of collection. The facts of your case, including the
What do you do when your contract has compulsory arbitration as a fee dispute provision? Arbitration would be the next logical step. Consider the following scenario that happened this week to one of our specialty chemical manufacturers.
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
Jocelyn Nager, an industry leader in the field of debt collection and commercial litigation was a guest speaker at the New York State Bar Association. Watch and Learn about Debt collections and the Enforcement of Money Judgment.
Winning your New York debt collection case may hinge on your company’s record keeping abilities. In order to succeed and win your case you must prove
The news is filled with stories of individuals and businesses permitted to walk away from monies owed without repaying the debts. Debts legitimately owed to creditors who render services or sell goods. Why is this happening and, more importantly, could this happen to your business?
In an effort to manage risk of loss due to bad debt, some businesses secure credit insurance. The policies are designed to insure receivables against loss. In the event of non-payment, a claim is made to the insurer in accordance with the terms of the policy. The insurer will attempt