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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Debt Collection Agent or Debt Write-off?

Debt collection agent or write off a bad debt, which is the way to go? Read on for help in preparing for the decision.

The end of the year is approaching with tax season just around the corner. Your tax professional will soon ask for a list of your accounts receivable. The question will be what you want to do about bad debts. Should you write off a bad debt and take a bad debt reduction? Or, do you send it to a debt collection agent? This will give you an understanding of two common options.  Continue reading “Debt Collection Agent or Debt Write-off?”

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New York Debt Collection and a Safe Deposit Box

New York debt collection and a safe deposit box, how does one affect the other? Convinced that your customer is hiding stockpiles of cash, stock certificates and the keys to the kingdom in their safe deposit box?  If you bring a New York debt collection case, can you empty your client’s safe deposit box? Continue reading “New York Debt Collection and a Safe Deposit Box”

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New York Mechanic’s Liens – an Influential Process

New York mechanic’s liens are truly influential. Why is that important to you? New York’s real estate boom has been a tremendous catalyst for growth. And, points of pain may be associated with that growth. For instance, if you’re someone who has extended credit to fund one project or a few or have money out on the street in some other way, you must know how to best protect your rights. For that reason, understanding New York mechanic’s liens and their influence in helping you receive payment is a must. Continue reading “New York Mechanic’s Liens – an Influential Process”

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