What Property is Exempt From Debt Collection?

By: Robert J. Nahoum THE PROBLEM: You’ve been sued, there is a judgment against you and now the debt collector is coming to enforce the judgment.  You’re broke and out of work, can the debt collector take away your property? The Rule: In New York, as in most states, there is a laundry list of property exempt from judgment enforcement and […]

Why Do Debt Buyers Have Trouble Proving Their Cases?

By: Robert J. Nahoum   The Problem: There is an industry out there of companies who buy up portfolios of old consumer debts like credit cards and medical bills for pennies on the dollar.  These debt buyers then try to collect those debts from consumers using tactics that often violate federal debt collection laws.  Too often, debt buyers sue consumers in […]

Must A Collection Agency Be Licensed In New York?

By: Robert J. Nahoum THE PROBLEM: You’re being pursued by a collection agency or perhaps one has already sued you.  The collection letter or the summons and complaint you received do not disclose a collection agency license number.  Does that debt collector have to be licensed? The Rule: There is no across the board New York state rule requiring someone acting […]