Best Consumer Protection Lawyers in East Orange, NJ

Debtor Rights: 6 Years a creditor can collect a debt. That is 6 years from the last payment.   If the creditor takes no further action, the debt is no longer valid.     Judgment Entered: If the Creditor filed a Complaint in Court and wins by trial or default - that $ amount is a judicial declaration which is a matter of public records that the debtor/defendant owes you money.A judgment, once entered, is valid for 20 years and can be renewed for an additional 20 years. Methods Creditors can Use to Collect from a Debtor Writ of Execution - Empowers the Sheriff to collect the creditor in a variety of ways: - Seize personal property and auction off the property to satisfy the judgment. - Take the debt from your bank account - Garnish wages - Sell real estate to satisfy the judgment Liens on Real Estate Judgments when properly docketed become liens that attach to real estate owned by the debtor/defendant.If/when the debtor/defendant tries to sell the real estate, your debt must be paid and satisfied before the property can be sold/exhcanged. How does a Debtor Stop Collections from Creditors: File Bankruptcy The day your attorney files your bankruptcy, all collections that were started must stop.Creditors cannot file any actions against you to collect the debt.Debtor rights in Bankruptcy law are very clear and must be followed.  Debtors are protected by the Bankruptcy Code.  You cannot be contacted by someone to ...