NY Debt Collection Lawyers and Contingency Fees

White desk with clock, smartphone and notebook.Prospective clients regularly ask if we work on contingency fee arrangements in NY debt collection cases. In a contingency fee arrangement, the lawyer agrees to accept a fixed percentage, often one-third of the recovery amount, the amount finally paid to the client.

Especially in debt collection cases, a lawyer considers several factors before agreeing.

If a client cannot pay the legal fees, the lawyer may consider the option of a mixed fee arrangement. This combines a lower contingency fee percentage with a lower hourly rate. A client might want a contingency fee arrangement to keep from throwing good money after bad.

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Are You Within New York’s Statute of Limitations for Debt Collection Litigation?

Wooden gavel.Thinking about bringing an action against a nonpaying client or party? Then you need to know the statute of limitations for New York debt collection litigation. You need to know this in order to bring your case to court in a timely manner. Failure to bring the action within the statute of limitations can result in more than a slap on the wrist. It can result in a lawsuit filed against you and your attorney with costs and sanctions to consider. Continue reading “Are You Within New York’s Statute of Limitations for Debt Collection Litigation?”

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NY Debt Collection Blog: Protect Yourself with Favorable Terms and Conditions

There are many excuses customers can hide behind to avoid payment. By doing a little work in advance of the sale you can overcome your buyer’s objection to payment by incorporating favorable Terms and Conditions in your contract.

Reasons for non-payment vary based upon industry. The excuses need not be creative or original.  Most often the seller can anticipate the Continue reading “NY Debt Collection Blog: Protect Yourself with Favorable Terms and Conditions”

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NY Debt Collection: Invoices Matter. Get Them Right to Get Paid.

Used to demand payment from your customer for goods sold and delivered or services provided, an invoice is the most important document needed to be paid. As a bill for service, an invoice needs to be correct. Incorrect information on the invoice will delay payment from your customer. Collection in house or sending out for NY Debt Collection, invoices matter. Get them right to get paid.

A straightforward example is: ABC Honey Corp. issues purchase orders to buy 3000 glass jars.  The jars are sold and delivered to ABC Honey Corp.  An invoice is rendered addressed to ABC Corp. rather than ABC Continue reading “NY Debt Collection: Invoices Matter. Get Them Right to Get Paid.”

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