Bender Commercial Collection Law
New Jersey Business Collections Attorney
When collecting past-due invoices in New Jersey, the Statute of Limitations is normally 4 years to bring a suit for goods and 6 years for services. But missing this time isn’t always fatal, since the facts of a case sometimes restart the statutory period either before or after it expired. This article will discuss what facts will restart the SOL, and how you can prove them.
A Statute of Limitations is a law limiting how long you have to bring a lawsuit for a particular claim. When collecting unpaid invoices, it depends on whether you provided goods or services. This article will discuss how long you have to sue for non-payment, and why you should never wait that long.
In most cases, there are 3 basic reasons a customer doesn’t pay: either it can’t pay, it doesn’t want to, or it has a genuine dispute. How you deal with nonpayment should depend on the reason. This article will discuss a practical approach to collecting unpaid invoices in each situation.
When it comes to collecting past-due invoices, unlike fine wine, unpaid invoices age like milk. The longer they sit, the more likely they are to spoil. Early detection and action are therefore the key to getting paid. This article will discuss the need to move quickly when collecting past-due invoices.