Possible Issues in New York Debt Collection Mediation
FFGN COLLECT NY
OCTOBER 8, 2023
Mediating a debt collection claim can be a successful way to reach an agreement to pay. Mediation can be voluntary, where both parties agree to participate, or due to a clause in the agreement that mandates mediation before proceeding to arbitration or litigation. However, there are issues that may arise during the mediation process that can forestall settlement discussions thereby impacting the process and possible resolution of the claim.
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