FFGN COLLECT NY

AUGUST 12, 2021

When the usual steps, such as levying the debtor’s bank account and garnishing the debtor’s wages, result in little success recovering monies owed, the judgment may seem uncollectible. However, if the debtor is a beneficiary of a deceased New Yorker’s estate, you may be able to enforce the judgment through estate distribution.

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Collections Law

NOVEMBER 9, 2020

The Law Offices of Alan M Cohen LLC has experience domesticating and enforcing foreign judgments for out-of-state creditors using both registration and domestication through litigation. Once domesticated, we can use a series of collection methods, such as property attachments and injunctions, to make sure you get paid.

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Collections Law

JULY 31, 2020

Even when the court successfully rules in your favor, you are not guaranteed timely payment of either a Massachusetts judgment or a foreign judgment. Debtors can come up with a variety of excuses to refuse or delay payments for long periods of time. At the Law Offices of Alan M. Real Estate Attachments.

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Collection Industry News

SEPTEMBER 8, 2020

Article 6 Investment Law 2020 stipulates that “Debt Collection Service” is one of the businesses that are prohibited from investment. This regulation will come into force on 1 January 2021, whereby service contracts for debt collection concluded before that will be invalidated. Entities are performing debt collection activities.

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FFGN COLLECT NY

JULY 13, 2021

Is your New York judgment valid? If so, you will need to know how to collect on a judgment so it can get you paid. Article 52 of New York State Civil Practice Law and Rules authorizes judgment enforcement in New York. Once the judgment is entered, you must provide the requisite notice of entry, if required.

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Collections Law

MAY 7, 2021

Winning your case in court is often the easy part of the legal debt collection process; it’s collecting your payment post-judgment where things get challenging and require a bit of strategy. Finding Your Debtor’s Assets. From here, we can determine which of our collection methods will be most effective for your scenario.

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Collections Law

JULY 25, 2024

Cohen & Associates LLC, our ethical commercial collections attorneys are well-known for their aggressive, relentless and innovative debt collection tactics. A bank attachment is a powerful post-judgment collection tool. Bank attachment: A bank attachment directly targets the debtor’s bank account.

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FFGN COLLECT NY

APRIL 23, 2024

New York debt collection laws allow judgment creditors many ways to collect from debtors. One option available is to take over or “charge” a judgment debtor’s interest in an LLC or limited liability company. The judgment creditor can look to attach and/or charge the debtor’s interest in the LLC.

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Collections Law

JUNE 20, 2024

Cohen & Associates LLC, our commercial collections attorneys have more than 50 years of experience helping Massachusetts and out-of-state creditors seek judgments from their debtors and collect on unpaid debts. Our commercial collections attorneys are aggressive and relentless. At the Law Offices of Alan M.

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Collections Law

JULY 1, 2020

You’ve tried everything in your power, but the debtor doesn’t respond or keeps making excuses to buy more time. The experienced collection attorneys at the Law Offices of Alan M. Collection agencies are passive organizations that make the same effort you were making before you brought them on board. The Law Offices of Alan M.

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FFGN COLLECT NY

JUNE 24, 2022

Recently, the New York Senate approved Senate Bill S6522A, introduced in May 2021, which provides an exception to some of New York’s judgment enforcement tools. The exceptions sought would apply to money judgments obtained by most medical providers. Medical providers would lose this remedy to collect. Lien on Property.

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Collections Law

APRIL 1, 2020

Collecting debts from debtors having assets in Massachusetts while you are in another state or a different country used to be difficult, even if you had a judgment against them. Massachusetts was among the few states that had not adopted the Uniform Enforcement of Foreign Judgment Act.

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Collections Law

AUGUST 21, 2024

Debt collection can escalate quickly when a debtor refuses to pay. Cohen & Associates LLC, our aggressive and relentless commercial collections attorneys have more than 50 years of combined experience helping clients collect on unpaid debts. The sheriff is responsible for enforcing the writ of execution.

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Collections Law

NOVEMBER 9, 2020

The Law Offices of Alan M Cohen LLC has experience domesticating and enforcing foreign judgments for out-of-state creditors using both registration and domestication through litigation. Once domesticated, we can use a series of collection methods, such as property attachments and injunctions, to make sure you get paid.

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Collections Law

JANUARY 7, 2021

If you are an out-of-state business dealing with a delinquent debtor in the Commonwealth of Massachusetts, it’s a much more straightforward process than you might think to domesticate your judgment. However, it is still an uphill battle to have such a judgment enforced. Reach and Apply Injunctions.

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Financial Forensic Services

SEPTEMBER 19, 2021

TO GET YOUR JUDGMENT ENFORCED EFFICIENTLY. Don’t be too hard on yourself – because 80% of the people or businesses that win judgments in the United States never get their money. That’s right – 80% of the judgments entered in the US are never enforced or collected. ROW YOUR OWN CANOE. Dickerson, CFE, CFI.

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FFGN COLLECT NY

MARCH 10, 2023

Debt collection is an essential service, especially in situations where your client doesn’t pay in advance. Most, if not all, businesses will utilize a debt collection service to pursue payment owed by individuals or businesses. Consumer Debt: The Fair Debt Collection Practices Act (FDCPA) regulates consumer debt.

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FFGN COLLECT NY

AUGUST 11, 2021

When the usual steps, such as levying the debtor’s bank account and garnishing the debtor’s wages, result in little success recovering monies owed , the judgment may seem uncollectible. How to Enforce a Judgment Through Estate Distribution. Once satisfied, funds may be distributed to the judgment debtor.

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Financial Forensic Services

SEPTEMBER 19, 2021

History of the Judgment Enforcement Problem. 80 percent of the civil money judgments in the United States are never collected. Note: when drafting the judgment language for the judge’s signature, many attorneys stop with “legal fees.” Be sure to have the attorney include “plus the cost of collections.”

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FFGN COLLECT NY

DECEMBER 9, 2020

The media has brought attention to debt collection firms that have failed to deliver proper notice of debt collection actions to debtors. The result of these investigations highlights the judgments entered without cause and disciplinary actions against the firms for failing to deliver solid service of the court documents.

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Consumer Financial Services Law

DECEMBER 29, 2016

Editor’s Note: On November 3, 2016, Smith Debnam’s Jerry Myers attended a meeting with the CFPB to discuss the proposed rules for third party debt collection. On Thursday November 3, 2016 I joined a group of colleagues for a meeting with the CFPB to discuss its proposed rules for third party debt collection.

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Collections Law

FEBRUARY 12, 2021

As a business owner, knowing the appropriate action that you can take to deal with out of state delinquent debtors is essential to the bottom line. The first step should be finding someone who can be in your corner and fight to collect your bad debts until they either collect the bad debt or no one else can.

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FFGN COLLECT NY

SEPTEMBER 22, 2021

Best practices would generally infer that judgment enforcement differs based on the creditor’s industry, but that’s not the case. Best practices to enforce a judgment differ based on the judgment debtor’s location, industry, and more. In this instance, we found six cases filed against the debtor.

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Collections Law

AUGUST 11, 2020

Whether you operate in or outside Massachusetts, if your customer to whom you had provided goods or rendered services on credit is located in Massachusetts and is not paying off your debt, then get in touch with our experienced and aggressive debt collection lawyer, Alan M. We Domesticate Foreign Judgments in Massachusetts.

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Collections Law

MAY 2, 2024

Do you have an out-of-state judgment? Does your debtor have assets in Massachusetts? Our relentless and aggressive commercial collection lawyers at Law Offices of Alan M. In the case of foreign judgments states are required to honor and recognize judgments those judgments by virtue of the U.S.

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Collections Law

SEPTEMBER 24, 2020

Bad debt collection is as much of a part of a business as are sales. That is why you should leave bad debt collection to the experienced aggressive debt recovery attorneys at the Law Offices of Alan M. We have collectively between our two collections attorneys almost 50 years of debt recovery experience.

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Collections Law

SEPTEMBER 24, 2020

Bad debt collection is as much of a part of a business as are sales. That is why you should leave bad debt collection to the experienced aggressive debt recovery attorneys at the Law Offices of Alan M. We have collectively between our two collections attorneys almost 50 years of debt recovery experience. .

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FFGN COLLECT NY

JUNE 17, 2022

If you are wondering whether there is a time constraint from exemplification to domesticate a judgment in NY, read on to learn more about the process. Assume a creditor sued the debtor in California and the debtor appeared in the action to defend the allegations in the lawsuit. The judgment is unsatisfied in whole or in part.

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FFGN COLLECT NY

JULY 23, 2020

The first method, referred to as a special application, involves requesting a temporary restraining order (TRO) asking the judgment creditor to stay or cease (at least temporarily) any efforts to enforce the judgment. Moving by order to show cause is an expedited application to vacate or set aside the judgment.

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FFGN COLLECT NY

MAY 24, 2021

Normally, if a person owns a corporation and a judgment is entered against that corporation for an outstanding debt, the only assets at risk of judgment enforcement are those of the corporation. The creditor could sue both the corporate debtor and the owner as alter ego of one another.

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FDCPA Defense

MARCH 23, 2015

The FDCPA prohibits a collector from placing “any language or symbol” on a debt collection envelope, other than the collector’s address. A collector cannot even put its own name on the envelope, unless the collector is certain the name does not indicate that the company is in the debt collection business. Diversified Collection Servs.,

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FFGN COLLECT NY

SEPTEMBER 23, 2022

Attempts to restrain bank accounts or seize other assets within the state, require a separate action: a new distinct lawsuit against the bank or other institutions where you believe the debtor has assets. New York is one of the most liberal states when it comes to judgment enforcement. We have the experience that pays.

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FFGN COLLECT NY

JUNE 3, 2020

Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors? Although New York has liberal laws on judgment enforcement, CPLR Sect 5222-a provides a laundry list of funds exempt from creditors’ reach. The post Can a NY Judgment Creditor Garnish PPP or Other CARES Act Funds?

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FFGN COLLECT NY

NOVEMBER 9, 2023

If the out-of-state judgment was obtained on default, you may be concerned that moving to domesticate the judgment will lead the debtor to attempt to claim affirmative defenses. Can a previously defaulting defendant interpose an answer in a debt collection action that seeks to domesticate an out-of-state default judgment?

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Collections Law

OCTOBER 23, 2024

Successfully collecting on these commercial debts can directly influence your overall success as a business. Obtaining a judgment is just the beginning of the commercial collections journey. The real challenge lies in enforcing that judgment and getting paid. Don’t let unpaid judgments hinder your business.

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FFGN COLLECT NY

MARCH 25, 2024

Turnover of the funds, restrained or frozen, depends upon whether the judgment debtor is the sole owner of the account, the balance in the account, and the source of the funds. The sheriff or marshal will not enter a private home to seize assets belonging to an individual judgment debtor. We have the experience that pays.

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