Legal Question in Credit and Debt Law in New Jersey
statute of limitations on debt in new jersey
i was sued by a collection agency for a debt that ran out of it statute of limitation; somehow they won the case. how is this possible given the fact that recently i read that once the statute of limitation runs out on a debt you are not obligated to pay off the debt?
and too, if i receive money from a settlemet am i obligated to pay off the debt even though the sol has expired?
2 Answers from Attorneys
Re: statute of limitations on debt in new jersey
Based on what you have said, you clearly need to consult an attorney to see what your options are. Advice over this internet bulletin board will not solve your problem.
If you would like, give me a call to set up an appointment; I am in northern New Jersey. The consultation may be free, speak to me and I will let you know ahead of time. I will do what I can to help you out.
My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.
Disclaimer: you can not rely on the advice of an attorney given over the internet. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.
Re: statute of limitations on debt in new jersey
The running of the statutory limitations period is a defense available to you. It is not automatic and must be pleaded. That is, your lawyer must answer the complaint and raise the defense.
Since you apparantly ignored the complaint, a default judgment was enteres against you. If you want to have this judgment vacated, you need to act promptly. I recommend that you engage a lawyer to help you. If I can assist you, call or email.
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