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At Berkovitch & Bouskila, PLLC, we understand that alternative finance transactions operate within a different regulatory environment. They often not only have more focused product offerings, and the companies dealing with them likely face strategic and legal considerations that are unique to their business model. Payday lenders, auto title lenders, check cashing services, deposit advance [...]
Fintechs and other nonbanks are required to provide consumer-style disclosures when offering to extend the financing for small businesses in NY. The regulations of an alternative financial transaction can become tricky to navigate without proper legal guidance. For other more lucrative financial products offered outside the traditional banking systems, an alternative financial transaction such as [...]
Any business can benefit from MCA, but your MCA business benefits from legal advice more than you would expect. Read on or give us a call today at BBLaw and see how we can help your counsel your MCA business. Merchant cash advances are short-term loans with quick funding non-astringent eligibility requirements with no collateral [...]
Both hard money loans and lines of credit are great ways for additional funds; however, why you need either one of the above will depend on why you need the funds. Hard money loans and lines of credit offer a leeway to borrow from lenders who may or may not consider creditworthiness, lender-borrower relationship, and [...]
Alternative financial services: AFS applies technology to improve economic activities and offer alternative modes of transactions. AFS’s are forms of finance outside the institutional finance system of capital markets and banks. These alternative financial transactions and methods help improve traditional finance methods like consumer banking, regulation management, payments and invoicing, insurance, etc. AFS’s takes the [...]
Some individuals starting their businesses believe that they may save money by not hiring a company attorney or law firm. It can be a bad idea to start ignoring the importance of business legal counseling. If something unexpected happens you may be pushed into a scenario that demands legal expertise, it'll hurry you into hiring [...]
A secured transaction ensues when an individual or business borrows money to buy real estate, automobiles, or commercial equipment. A security interest is created as soon as a borrower signs a contract allowing the lender, or secured party, to seize assets the borrower possesses if the borrower defaults on the loan. The terms "security interest" [...]
Once the monetary damages are imposed in a case, the plaintiff receives a "judgment." The following step, known as enforcing the judgment, is actually collecting the money, which isn't always smooth and uncomplicated. Judgment enforcement in New York City has it's own complications. The plaintiff who "got a million dollars in judgment" is well-known. Courts, [...]
Commercial Litigation in Rockland County, New York Commercial Litigation, especially in Rockland County, is daunting if not a risky situation to venture into, especially when you lack the proper resources. Winning is your goal, so you have to be confident in the attorney representing your commercial litigation cases. Therefore, you are advised to understand what [...]
When monetary damages are awarded in a lawsuit, the plaintiff gets a “judgment.” The next step is actually collecting the money – which is not always easy – and is known as enforcing the judgment - or judgment enforcement. As many creditors have discovered, obtaining a judgment against a delinquent debtor rarely results in the [...]
