Recovery of Money through Collections

Attorneys Protecting Creditors' Rights through Collection of Delinquent Debt

Collection through Negotiation or Obtaining Judgments for Clients in New York, across the U.S., and Internationally

For 60 years, Marinstein & Marinstein has been helping creditors enforce their rights to payment on loans, goods, services, and account receivables using thorough, practical, and efficient collections law services. When obtaining payment through direct negotiation or use of a collection agency becomes impractical or is no longer cost-effective, enforcing your rights is best handled by collections law attorneys experienced in a wide range of effective legal remedies. To discuss our assistance with collecting your debt, contact our law office for a free consultation.

We Employ a Range of Effective Collection Strategies

At Marinstein & Marinstein, our lawyers use specialized collection software to handle claims in volume and keep your costs down, helping to maximize your recovery.

Pre-Suit Negotiation
Our attorneys are accomplished negotiators, and we often succeed in further securing payment of obligations to our clients by reaching agreements with debtors to sign promissory notes, guarantees, mortgages, or confessions of judgment.

Collections Litigation
If pre-trial negotiation does not result in immediate recovery or a reasonable repayment plan, we begin collection litigation, mortgage foreclosure, or enforcement of mechanic's liens to attempt to collect the balance owed. We handle out-of-state judgments and turn them into New York judgments. We also represent creditors in bankruptcy proceedings .

Collections after Judgment
Post-judgment remedies include wage garnishment, attachment of bank accounts, levies on real or personal property, and repossession. One of our experienced trial lawyers will handle your case personally from negotiation and trial to post-judgment collection.

While adhering to the Fair Debt Collection Practices Act, we use a variety of legal strategies that work. During the post-judgment collection process, we are able to obtain information about debtors from a variety of sources. We gather the information necessary to expose hidden assets and sources of income in order to successfully collect your judgment.

Information about Collection of Judgments in New York
In New York State, a judgment on real property is valid for 10 years, and can be renewed for an additional 10 years by a special proceeding.

A judgement is valid for 20 years on personal property.

If a judgement is not opposed, it may be awarded within 45 days.

The interest rate for a New York judgment is 9%. At the moment a judgment is awarded, a lien attaches to any real property in the county where the judgment is filed. A lien may be obtained for real property in any other county in New York State where a transcript of judgment is filed. Out-of-state judgments can be filed in New York State by a special proceeding.

Contact Marinstein & Marinstein to discuss collection of your delinquent accounts in a free consultation.

Contact

Marinstein & Marinstein Esqs., P.L.L.C.
22 First Street
P.O. Box 155
Troy, NY 12181

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