Legal Question in Credit and Debt Law in New Jersey

ownership of debt c/o virtual

what is best defense against debt ''assignment?'' CA claims to be owner of debt by ''virtual assignment.'' Is ''assignment'' a purchase agreement, contractual purchase, represent creditor directly? Does a NJ ''hearsay'' rule of evidence apply to direct ownership of debt?Does ''assignment'' indicate first hand knowledge of a debt? Is assignment of debt legal grounds to sue for collection? Does the assignee have to provide original creditor contract to validate debt during discovery?


Asked on 3/20/07, 2:01 pm

1 Answer from Attorneys
Jef Henninger, Esq Law Offices of Jef Henninger, Esq.

Re: ownership of debt c/o virtual

It sounds like you need an attorney. There is way too much to tell you here and its not easy to go up against a CA by yourself. The simple answer is yes, they can sell your debt to anyone since the terms of the contract have not changed. You still owe money. The only thing that is different is who you owe the money to.

My initial consultations are always free, so call me at 732/247/3340 to discuss your case.

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Answered on 3/20/07, 2:56 pm


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