Legal Question in Business Law in New Jersey

Re: Small business

I have read the answer from Attorney John Corbett, and he is right on point. If you need an attorney and you are near Philadelphia, contact him.

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Re: Small business

The debt becomes a debt of the estate. At a minimum, you should try to find out who will wind up the decedent's affairs and make your claim known. Try to find out whether the estate will be formally administered and who will be the decedent's personal representative. If the debt is large, you should probably consult a lawyer. There are many different ways that a matter such as you raise can play out and you will improve your chances of collection with good representation.

See also: http://info.corbettlaw.net/lawguru.htm