FFGN COLLECT NY

SEPTEMBER 23, 2022

The goal of the merchant cash advance lender, or any lender, is to be able to enter a judgment and seize assets quickly once a loan goes bad. The loans almost always include a personal guaranty , which provides relief for the lender against more than the corporate borrower, who might likely be failing.

Judgment 52

Judgment Lender Judgment Enforcement Banks 52

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.

Judgment 52

Judgment Collections Debtor Foreclosure 52

FFGN COLLECT NY

AUGUST 16, 2020

Most business owners have a line of credit with the bank but don’t realize that, as the business owner, they may be personally responsible for repaying any monies loaned. When it comes to unexpected expenses and opportunities, a line of credit provides a loan at the ready. If you don’t borrow, there’s nothing to repay.

Judgment Enforcement 52

Judgment Enforcement Loans Lender Banks 52

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.

Collections 40

Collections Judgment Enforcement Creditor's Rights Creditors 40

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?

Garnishment 52

Garnishment Creditors Judgment Judgment Enforcement 52

FFGN COLLECT NY

SEPTEMBER 22, 2021

A client of ours in the waterproofing business asked for our best practices when enforcing a judgment. Best practices would generally infer that judgment enforcement differs based on the creditor’s industry, but that’s not the case. Does the judgment debtor lease a vehicle?

Judgment 52

Judgment Mechanic’s Liens Debtor Judgment Enforcement 52