Bender Commercial Collection Law
New Jersey Business Collections Attorney
Arbitration is an alternative to litigation where, instead of suing in court, you agree to let a third party decide your case. Compared to litigation, it offers both advantages and disadvantages. This article will discuss the pros and cons of arbitration in business collections.
Corporations and limited liability companies are business structures that shield their owners from personal liability. Because the entity is considered its own person, the owner usually isn’t responsible for its debts, which can make collecting receivables harder.
Winning a judgment doesn’t guarantee payment, but it does give you the right to lawfully seize property. The process of seizing property to satisfy your judgment is called execution. This article will discuss how it operates in New Jersey.
In New Jersey, the Statute of Limitations is generally 4 years to collect for a sale of goods and 6 years for services. Yet missing it should never be an issue. This article will discuss how to avoid the SOL pitfall in accounts receivable collections.
In some situations, the doctrine of unjust enrichment lets you sue for non-payment, even without an enforceable contract. This article will discuss what unjust enrichment is, how the doctrine works, and why it’s still better to rely on an enforceable contract.
The general rule in New Jersey is that oral contracts are enforceable unless a specific law, called a Statute of Frauds, requires them to be in writing. This article will discuss when you can sue for non-payment on an oral contract, and why a written agreement is always preferable when collecting accounts receivable.
In accounts receivable collections, a judgment lien is a valuable tool that can pay huge dividends. This article will discuss what a judgment lien is, how to obtain it, and how to use it to your advantage.
After you obtain a judgment, finding assets to satisfy it can take some digging. Besides your own investigations, you can use a legal process called post-judgment discovery to obtain financial information about the defendant. This article will discuss how the process can help you collect.
Collecting a judgment can be quick and easy or take years to achieve. What’s uncollectible today may be collectible tomorrow. This article will discuss short and long-term strategies for completing the business collection process.
When collecting past-due accounts, winning a judgment is only half the battle. The other half is actually collecting, which requires you to find and seize the defendant’s assets. This article will discuss the best assets for enforcing your judgment, and the best strategies for finding them.