New Jersey law provides an efficient process for a judgment creditor who has obtained a judgment in another state to domesticate that judgment in New Jersey for enforcement against a debtor or the debtor’s assets located within the state. This process is governed by the New Jersey Uniform Enforcement of Foreign Judgments Act, codified at […]
Domesticating and Enforcing an Out of State Judgment in New Jersey Read More »
Companies and businesses with non-paying customers should take pro-active steps to compel payment. Reducing accounts receivables and eliminating payment defaults increases a company’s cash flow and overall financial health. Companies should hire a debt collection lawyer to assist with debt collections. Debt collection lawyers can advise companies on Pennsylvania commercial debt collection laws and implement
Pennsylvania Commercial Debt Collection Laws Explained Read More »
Debt collection lawyers have a big advantage over debt collection agencies in their ability to collect outstanding debts. Lawyers can sue the debtors and obtain a money judgment. Once a judgment is obtained, the debtor has two choices: 1) pay the amount of the judgment or ; 2) do nothing. If the debtor does nothing,
How Do Debt Collection Lawyers Discover A Debtor’s Assets? Read More »
A confession of judgment is a contract clause, usually bargained for by a landlord or creditor, that allows the landlord or creditor to obtain an expedited judgment against the other party. A confession of judgment can help an aggrieved party to a contract obtain a judgment against the other party without the cost and delay
Confession Of Judgment Under Pennsylvania Law Read More »
Few things are more infuriating and anxiety-inducing for individuals and businesses than debtors who will not respond to your efforts to collect the money that is rightfully yours. Whether you are collecting on an outstanding bill, a court judgment, or some other financial obligation, obtaining the money you are owed is a necessary but often
3 Ways a Debt Collection Attorney Is More Effective than a Collection Agency Read More »
If someone owes you or your business money such as a supplier, customer, or even an associate or friend it is necessary to take prompt action. Regardless of whether the debtor is disputing the need to pay or claiming to not have the funds, you now have a problem because doing nothing is not an
Debt Collection Strategy: The Demand Letter Read More »
Debt collection practices have come under the spotlight in recent years as complaints regarding the activities of less scrupulous debt collection agencies have poured into the Consumer Financial Protection Bureau (CFPB), a federal bureau created in the wake of the financial crisis. As we all know, the practices of some debt collection agencies have damaged
How the Proposed CFPB Debt Collection Rules Could Affect You Read More »
Introduction to Foreign Judgment Enforcement in Pennsylvania Pennsylvania adopted the Uniform Enforcement of Foreign Judgments Act. This allows for a simple and effective transfer of a final judgment from another state (foreign judgment) to Pennsylvania. Once the judgment is filed, it immediately becomes a lien and is treated the same as any judgment issued by
Enforcing Foreign Judgments in Pennsylvania Read More »
This is an all too common scenario: someone owes you money, you sue them in court, the court awards you a money judgment, and the debtor still refuses to pay. There is a saying that you cannot get blood from a stone. This means that in some situations, collecting and enforcing a judgment will not
How To Collect A Pennyslvania Judgment Read More »
Trying to collect a debt can be frustrating. When demand letters and phone calls fail to solicit a response from the debtor, creditors who want to get paid must obtain a money judgment against the debtor. A money judgment can be obtained after a lawsuit is filed and either a default judgment is entered or
How To Collect Judgments Across State Lines Read More »
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
