Collection Agency New York

New York Debt Collection Agency
For New York Local Collection Agency

Burt and Associates is a Collection Agency that specializes in Commercial Collections.

Full Debt Commercial Collection Agency Coverage for New York NY

Albany | Brooklyn | Buffalo | Long Island
New York City | Rochester | Staten Island | Syracuse | Queens | Utica | White Plains | Yonkers

Burt & Associates a national commercial collection agency with full collection coverage for New York. We invite you to review our services and feel free to contact us with any questions or comments you may have.
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To Get A Free Quote, know our Collection Rates or call us toll free 1 (877) 740-7839 and get started today!

New York Collection Laws

We hope that this information on New York Collection Agencies assists you. The following is a summary of the New York Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise.

• New York Collection Laws Interest Rate
  
  Legal: 16%
  Judgment: 9%
  
• New York Collection Laws Statute Of Limitations (Years)
  
  Open account: 6
  Written Contract: 6
  Domestic Judgment: 20 (1 0 yr. renewable lien)
  Foreign Judgment: 20 (1 0 yr. renewable lien)
  
  
• New York Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  
  Face value of check plus two times check amount up to a maximum of $400 on NSF or $750 on "no account" (demand prescribed by law) GEN.OB.1.1-104
  
• New York Collection Laws General Garnishment Exemptions
  
  90% of earnings, except 1st $127.50 wk. wholly exempt

Debt Collection Agency Tips

The most delinquent your accounts become, the less collectible. 90 days the account ages, start your accounts fall faster. At six months of age, they have depreciated as much as thirty (30%) percent of your money can be collected. Data from the US Department Of Commerce. This rapid loss in value is call Accounts Receivable Depreciation.

Accounts Receivable Depreciation is a silent destroyer of the profit margins of most businesses. The key to any type of successful collections, be it in-house or third party, is tightening and shortening the process, then forwarding the account out to the collection agency before 60 days. If you choose to wait longer you are depreciating most of your chance of ever getting your money. A common mistake most businesses make is to wait over 6 months to use a collection agency. They do it because they do not want to pay a high percentage or damage their well-earned reputation. Start early, recover more is what accounts receivable management is all about.

Contact your National Sales Representative today to greatly minimize your accounts receivable depreciation.

Tips from a Collection Agency
Bankruptcy Dismissals And the Failure to Provide Timely Payment Advice

If companies were in bankruptcy filing of notice of payment and the judges are not as concerned that the Council must be filed within the required time increases, the U.S. bankruptcy courts requires debtors and their attorneys to comply with Article 521 (I) (2) of the Bankruptcy Code in the U.S. regarding the payment notice. In one case, a debtor's lawyer said he had issued notices of payment to the trustee of the United States and Chapter 7 trustee, decided that he was experiencing computer problems and was unable applications to the 341 creditors meeting on time. Nevertheless, the Court held that the law was clear. Cases were automatically dismissed if payment advices or a motion to extend time had not been filed in a timely manner.

Debt Collection Service for New York, NY

Burt and Associates is a Nationwide Debt Collection Agency that for more than 30 years has proven the commitment with New York, NY business owners that struggles from their accounts receivables to cash flow for their business, not just providing debt collection service, but providing solutions to their A/R management. We provide useful information for all debt collection and business debt recovery topics in our blog at any cost.