Legal Question in Credit and Debt Law in New Jersey

debt, collection

My brother signed Promissory Note for loan of $6,000 (no interest if paid in 6 months, otherwise owes 5% from that date on any unpaid balance). Now claims he cannot and will not repay. (a) Can I sue for full $6K in small claims court, (b) what enforcement does court allow for, (c) will judgement be reflected in his credit report (this may sway him to repay, as it could affect getting a job, etc.) Thanks for all your help.


Asked on 4/05/08, 7:03 pm

2 Answers from Attorneys
John Corbett Corbett Law Firm LLC

Re: debt, collection

You can sue in Small Claims court. The court clerk should have a package that tells you how to enforce the judgment. If not, there is one on the NJ Court web site.

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

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Answered on 4/06/08, 4:34 pm
Robert Davies The Davies Law Firm, P.A.

Re: debt, collection

If you have a valid promissory note, and you gave something of value for it, then you should be able to enforce it.

If you want a lawyer to assist, please contact me.

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Answered on 4/07/08, 12:29 pm


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