The National List of Attorneys - New Jersey
New Jersey Debt Collection Laws
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| Lloyd S. Markind |
Submitted by Lloyd S. Markind, Sklar~Markind
Published by The National List of Attorneys
Sklar ~ Markind is a full service commercial law firm established in 1995. We are devoted to providing our clients with the highest level of legal services in the areas of retail and commercial debt collection, bankruptcy, foreclosure, eviction, and secured creditor representation throughout New Jersey and Southeastern Pennsylvania. We are committed to using a combination of a highly trained staff and the latest technology to ensure that all matters are handled efficiently and effectively. Sklar ~ Markind represents clients ranging in size from large national equipment leasing companies to small local retail stores. We diligently pursue collection of past due retail and commercial accounts. In addition to claims placed for litigation, our collection department handles pre-litigation collections and post-judgment executions. Additional practice areas include bankruptcy (debtor and creditor representation and Chapter 7 Trustee practice), mortgage foreclosure, replevin, subrogation, and landlord-tenant.
Lloyd S. Markind lloyd@sklarlaw.com
Lloyd S. Markind is the owner of Sklar-Markind. Lloyd has more than 20 years experience in commercial litigation and collections, with a concentration in the areas of equipment leasing, auto finance and banking. Lloyd is a member of the New Jersey and Pennsylvania Bars, and is a graduate of Temple University and the University of Tulsa School of Law.
Collection Practice in New Jersey
Statutes
Statute of Limitations
The statute of limitations for an action on an open account, an oral or written contract or promise to pay is six (6) years. N.J.S.A. 2A:14-1.
Duration of Judgments
N.J.S.A. 2A:17-3: Issue of execution without revival of judgment. Execution may issue, without a revival of the judgment, at any time within 20 years after its entry.
Domestication of Judgments
Uniform Enforcement of Foreign Judgments Act (N.J.S.A. 2A:49A-25 et seq.). Upon domestication, a foreign judgment is treated as a New Jersey judgment. It requires an exemplified copy of the foreign judgment, an affidavit or certification, and a $35.00 filing fee. Upon recording, the Clerk of the Superior Court will issue a notice to the debtor informing him of the 14-day period to file objections to the judgment. No execution of process may be made within the 14-day period. Forms and procedural requirements are available online at http://www.judiciary.state.nj.us/prose/10519_docket_foreign_judgmts.pdf.
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