After failing to receive any payments for monies owed, you’ve decided it’s time to proceed with debt collection litigation. However, the original agreement you and your client laid out did not specifiy terms in the event of delayed or nonpayment.
A final demand letter is a mere formality in most NYC debt collection litigation. Generally, it is not required except when relying on a contract, promissory note or other documents which specifically states notice of default must be given.
Out of state creditors can effectively litigate debt collection claims in New York State. The creditors need to be aware of specific legal issues that could arise when an out of state creditor litigates a claim in the New York Courts. An experienced New York debt collection litigation attorney is