Posts Categorized: Consumer Law

Collection Lawsuits in New Jersey

You’ve missed a few payments on a debt and you’ve gotten notice that you’re in default. Now you’re worried about a lawsuit. How does a debt collection lawsuit work in New Jersey? Receipt of Notice You’ll know your creditor has filed a lawsuit against you when you receive a summons and a complaint. The complaint… Read more »

New Jersey Receives a “D-” for Protecting Families in Debt

The National Consumer Law Center (NCLC) recently published a study evaluating state law protections for debtors and their families. It found that not a single state provided adequate protections to allow debtors to continue to work and provide for their families. In 2012, 25% of the complaints received by the FTC related to debt collection. It’s… Read more »

The Automatic Stay in Bankruptcy Applies to Repossessed Property

Weber v. SEFCU (In re Weber), 477 B.R. 308 (Bankr. N.D.N.Y. 2012) The Automatic Stay in Bankruptcy When a debtor files for bankruptcy, the automatic stay goes into effect. The automatic stay prevents creditors from pursuing action against the debtor in an attempt to collect. Creditors may not contact the debtor, foreclose on property, or… Read more »

Five Laws Every Consumer Should Know

5 Laws Every Consumer Should Know 1. Fair Debt Collection Practices Act When you default on a debt, your creditor will often sell that debt to a third-party debt collection agency. That used to mean you were in for constant phone calls at any time of the day or night, threats of lawsuits, and even… Read more »