Legal Question in Credit and Debt Law in New York

Lawyers and law firms are forbidden from purchasing claims for the purpose of litigation. There are "debt buyers" who buy claims and some of these are entities that are affiliated with certain law firms, but it is not the lawyers or law firms that are directly buying the claims.

However, depending on the nature of the claim -- particularly if it is a business claim -- there are lawyers who will handle the case on a contingency fee basis where the attorney's fee is contingent upon the outcome of the case. My firm handles business related commercial collections matters on a contingency fee basis.

The foregoing is not intended as legal advice for your specific situation. Facts and circumstances not disclosed in your brief posting may materially affect your rights. You should consult with an attorney.

For additional information regarding collections matters please free to visit the Frequently Asked Questions (FAQs) and Blog postings on our website at www.starrandstarr.com.

Best regards,