Legal Question in Credit and Debt Law in New Jersey

Reposession

My car was repossed in October of 2001. I have been unemployed since September of the same year.It has been not quite 2 years since happened. Is there a time limitation on their ability to collect what I owe?

We already have 1 judgement in action now,which will take another 2 years to pay off.There is another judgement waiting after the first one is finished.Thank you.


Asked on 3/17/03, 1:14 pm

2 Answers from Attorneys
Stuart G. Brecher Law Offices of Stuart G. Brecher, LLC

Re: Reposession

You might want to consider bankruptcy. Call me to discuss. (973) 664-1090. Or via e-mail at [email protected].

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Answered on 3/17/03, 4:03 pm
Glen Chulsky Law Office of Glen H. Chulsky

Re: Reposession

They can attempt to collect technically at any time. They only have 4 years from the default date, however, to file suit. If they file suit after the four years, it could give rise to a violation of the Fair Debt Collection Practices Act.

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Answered on 3/17/03, 4:22 pm


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