New York Collection Lawyer, New York, page 4

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Edmond Joseph Hakimian

Medical Products & Devices, Workers' Compensation, Collection, Accident & Injury, Medical Products & Devices
Status:  In Good Standing           Licensed:  15 Years

Richard Victor Rappaport

Divorce & Family Law, Collection
Status:  In Good Standing           Licensed:  46 Years

Stephanie G. Ovadia

Entertainment, Collection, Medical Malpractice, Accident & Injury
Status:  In Good Standing           Licensed:  40 Years

Daniel Leonard Feldman

Collection, Contract, Collection, Credit & Debt
Status:  In Good Standing           Licensed:  37 Years

Barbara Wilkanowski

Motor Vehicle, Criminal, Collection, Household Mold
Status:  In Good Standing           Licensed:  36 Years

James Pennington Truitt

Commercial Real Estate, Commercial Leasing, Commercial Insurance, Collection
Status:  In Good Standing           Licensed:  24 Years

Anthony Michael Soscia

Other, Health Care, Employment, Collection
Status:  In Good Standing           Licensed:  51 Years

Terence Elliot Smolev

Income Tax, Estate, Business, Collection
Status:  In Good Standing           

Steven R. Schlesinger

Real Estate, Business, Collection, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  48 Years

Brian Michael Seltzer

Professional Responsibility, Real Estate Other, Dispute Resolution, Collection
Status:  In Good Standing           Licensed:  60 Years

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LEGAL TERMS

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)
A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)
A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)
A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

CREDIT FILE

See credit report.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)
A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)
A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

COLLATERAL

Property that guarantees payment of a secured debt.