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Creditor’s Rights

We are often asked about dealing with customers through sales agents. In New York, basic Agency Law provides that an agent cannot be held responsible for the debt of a disclosed principal, unless the agent specifically agrees to become liable, either jointly or...

How to Avoid a Stop Payment Order on Bank Checks

Under prevailing New York law, a remitter (purchaser) of a bank check can stop payment after ninety days from the date of issuance. There are certain criteria that must be met in order for that direction to be effective. The stop payment is effective if the remitter,...

A Man’s Home Ruled Not to Be His Castle

Lester P. Taroff, a Partner in the firm’s Creditors’ Rights Department, received a decision from the Supreme Court of the State of New York, County of Suffolk, which denied a judgment-debtor the right to claim a homestead exemption for his “motor home”. Under New York...
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