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  • How Do Merchant Cash Advances Differ From the Sale of Future Receivables?
    How Do Merchant Cash Advances Differ From the Sale of Future Receivables?

    The key differences between a Merchant Cash Advance (MCA) and the sale of future receivables: 1) Legal Nature: An MCA is not technically a loan, but rather an advance purchase of a business's future ...

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  • E-Signatures in New York: Validity and Enforceability in Debt Lawsuits
    E-Signatures in New York: Validity and Enforceability in Debt Lawsuits

    Understanding E-Signatures and Contractual Waivers in Purchase of Future Receivables In the recent case of AJ Equity Group LLC v. The Office Connection, Inc. et al., 197 N.Y.S.3d 925 (N.Y. Sup. Ct. ...

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  • Merchant Cash Advance Agreements: The Importance of Validating Waiver of Service Provisions
    Merchant Cash Advance Agreements: The Importance of Validating Waiver of Service Provisions

    In our collection-defense practice, I often encounter this scenario: an out-of-state defendant being served by email, regular mail, or certified mail. There is only one problem: those methods alone ...

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  • Can a Creditor Use a Driver's Abstract to Verify My Address for Legal Purposes?
    Can a Creditor Use a Driver's Abstract to Verify My Address for Legal Purposes?

    Can a Driving Abstract Help Establish Where I Lived for "Service" of Legal Papers? Yes, a driving abstract or record can be a piece of supporting evidence to help prove where someone lives for legal ...

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  • New York Expands Medical Debt Protections: What Patients Need to Know in 2024
    New York Expands Medical Debt Protections: What Patients Need to Know in 2024

    New York has significantly expanded financial assistance and medical debt collection protections for patients effective October 20, 2024. The key requirements include: Expanded Financial Assistance ...

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  • The Hidden Challenges Debt Buyers Face in Litigation in 2024
    The Hidden Challenges Debt Buyers Face in Litigation in 2024

    Debt Buyers Confront Tougher Landscape in 2024 In 2024, the standing of debt buyers in New York is influenced by several factors, including regulatory changes and broader economic conditions. The New ...

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