Debt Settlement Blogs

If you settled a judgment for less than the full amount, the IRS may treat the forgiven portion as taxable income — unless the settlement reflects a bona fide dispute over the amount or enforceability ...

What You'll Learn: In this comprehensive guide, you'll learn: How New York's 20-year statute of limitations on money judgments under CPLR § 211(b) operates, including exceptions for written ...

BCL § 1314 limits when foreign corporations (companies formed outside New York) can be sued in New York courts. The statute aims to prevent New York courts from being flooded with cases that lack ...

Forum selection clauses in loan agreements can require out-of-state borrowers to litigate in New York, subject to statutory and jurisdictional limitations. As a collection defense attorney, I've ...

Introduction New York litigation involves complex service of process challenges, especially for out-of-state defendants. Here are three key aspects of service that are explained thoroughly in this ...

The key differences between a Merchant Cash Advance (MCA) and the sale of future receivables : 1) Legal Nature: Although MCAs are marketed as purchases of future receivables, regulators (including the ...