Bender Commercial Collection Law
New Jersey Business Collections Attorney
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.
After winning a business collections judgment, you still need to collect it. Finding assets can sometimes be challenging, but you have a long time in New Jersey to enforce your judgment. This article will discuss how long your judgment is good for, and how you can extend it.
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.
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.
The first rule of accounts receivable collections is return on investment. Sure, you want to get paid as a matter of principle, but you also need to look at it practically. This article will discuss the issues of cost and collectability in deciding whether to sue for unpaid receivables.
In accounts receivable collections, after you call the customer, whether you should sue or settle will depend on his response. In this article, we’ll discuss different responses you’ll receive, and whether litigation or diplomacy is your better option.
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.