How to Collect a Bad Debt in New York City

Photo of a wallet in a clamp.Are you looking to collect from a customer operating in NYC? Here’s what you need to know about collecting bad debt in New York City.

The first step is the demand phase, which is all about writing, emailing, calling the customer and asking for money. Do this from anywhere. If you can part your debtor from their money in the demand phase, consider yourself lucky, even if it means settling for a few dollars less because you avoided the expense of litigation, mediation, or arbitration – not to mention uncertainty. You recovered your monies and can move on.

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Will The Bank Restrain The Debtor’s Account Once I Have A Judgment?

atmNew York state is liberal in the remedies it affords for enforcing judgments. In most cases, New York debt collection attorneys are able to enforce a judgment without seeking the Court’s permission and/or a court order. Continue reading “Will The Bank Restrain The Debtor’s Account Once I Have A Judgment?”

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