Unclaimed Funds and NY Debt Collection

lit up dollar signUnclaimed funds, have you consider them to satisfy your NY debt collection claim?

So voluntary payment is not happening and you want your money. In the first place, to get your money, you must obtain a judgment. The next step is to locate assets to satisfy the judgment. One way of satisfying a judgment is through unclaimed funds.

“Lost or unclaimed money gets turned over by organizations required to report dormant accounts to the New York State Office of the State Comptroller. This money includes things like forgotten savings accounts, lost paychecks, and stocks or bonds.”

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New York Debt Collection Papers: Informing My Client of Filing Suit

New York debt collection papers, what are the rules about letting your client know you filed them?

After suit authorization, you or your attorney files papers used to begin New York debt collection litigation with the court. Papers used to begin a NY debt collection litigation generally consist of a summons and complaint, a summons with notice, or a motion for summary judgment in lieu of complaint. You must serve any of those on the parties named in the lawsuit according to strict rules.

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Do You Need a Debt Collection Attorney if Your Claim is $5,000.00 or Less Against a New York City Business?

There is good news for companies with their main office in New York State; you may not need a debt collection attorney to collect your money. If you are owed $5,000.00 or less from a business operating in any of the five (5) boroughs of New York City, you can sue your non-paying customer in Commercial Small Claims Court. Continue reading “Do You Need a Debt Collection Attorney if Your Claim is $5,000.00 or Less Against a New York City Business?”

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