Legal Question in Credit and Debt Law in New Jersey

Statue of limitation

What is the statute on a car repo? I had a car repo'ed around twenty years ago and a law firm just contacted me and said I had to repay the dept. Is there a statute on this dept.


Asked on 3/19/07, 7:27 am

2 Answers from Attorneys

John Corbett Corbett Law Firm LLC

Re: Statue of limitation

The next time you are contacted, you should ask for more information about the debt. If you were sued on the deficiency, the judgment would be good against you for 20 years. If there was no suit, the limitations period to sue on the debt would have run in six years provided that it was possible to service you with a summons. So, you need more information.

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

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Answered on 3/19/07, 9:16 am
Jef Henninger, Esq Law Offices of Jef Henninger, Esq.

Re: Statue of limitation

As Mr. Corbett said, get more information and then repost your question.

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Answered on 3/19/07, 11:28 am


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