Burt and Associates is a Collection Agency that specializes in Commercial Collections with coverage for New York.
New York City | Albany | Buffalo
How to Get Started:
Contact us to speak with a New Account Information Representative. We will discuss your overdue accounts in detail. After thorough debtor investigation, we will tell you which accounts show promise of collecting (there may be conditions, such as bankruptcy, which have voided the debt). We will also suggest which accounts may be better handled in house.
Contact Burt & Associates
- Toll-free: 1-877-740-7839
- (347) 903-5705
- Fill out our Contact Form online
- For a Free Quote, fill out our Get Quote Form online
Important Note: New York’s diverse economy presents unique challenges and opportunities for debt recovery. Burt and Associates bring the local knowledge and experience needed to navigate the complexities of New York’s collection environment. With the improving economy, many debtors are in a better financial position, making now an ideal time to pursue debt collection and secure the funds owed to your business.
New York Collection Laws
Navigating the intricacies of New York’s collection laws is crucial for businesses seeking to recover debts efficiently and legally. Below is a summary of crucial New York collection laws that may impact your accounts receivable management:
- Interest Rate on Judgments: Legal interest rate: 16%; Judgment interest rate: 9%.
- Statute of Limitations:
- Open Accounts: 6 years
- Written Contracts: 6 years
- Domestic Judgments: 20 years (1 renewal lien)
- Foreign Judgments: 20 years (1 renewal lien)
- Bad Check Laws (NSF): Civil penalties include the face value of the check, plus damages up to two times the check amount, capped at $400 for NSF checks or $750 for checks with “no account” (as prescribed by law under GEN.OB.1.1-104).
- Garnishment Exemptions: 90% of earnings are protected from garnishment, with a minimum exemption of $127.50 per week for wholly exempt earnings.
Key Considerations for Businesses in New York
- Compliance with Local Laws: Burt and Associates ensure that all collection activities comply with New York’s stringent legal requirements, reducing the risk of legal challenges and protecting your business.
- Strategic Debt Recovery: Our tailored approach to debt recovery considers the specific conditions of New York’s business environment, maximizing your chances of successful collection.
- Expert Support: Our team has the knowledge and resources to handle even the most complex collection cases, providing peace of mind and reliable results.
