New Jersey debt negotiation attorney Daniel Straffi (https://www.straffilaw.com/what-is-the-statute-of-limitations-on-debt-in-nj/) of Straffi and Straffi, Attorneys At Law, has released an article discussing the statute of limitations on debt in New Jersey. In the article, Straffi explains what the statute of limitations is, how it applies to debt, and what individuals can do to protect themselves.
According to the New Jersey debt negotiation attorney, the statute of limitations on debt in New Jersey is the legal time limit within which a creditor can sue a debtor for an outstanding debt. The time limit varies depending on the type of debt and can range from three to six years.
The New Jersey debt negotiation attorney also notes that it is essential for individuals to be aware of the statute of limitations on their debts, as it can impact their legal rights and options. “Knowing the statute of limitations on your debt is critical because it can help you avoid being sued and save you from paying a debt that is no longer legally enforceable,” Straffi said.
Attorney Straffi also offers advice to individuals who may be dealing with debt collectors or facing lawsuits related to their debts. “If you are dealing with debt collectors or facing a lawsuit related to your debt, it is crucial to consult with an experienced debt negotiation attorney who can guide you through the legal process and help protect your rights,” he said.
Furthermore, the lawyer says that when a creditor attempts to collect on a debt, they may not disclose that the debt has passed the statute of limitations. However, they are obligated by the Fair Debt Collection Practices Act to notify the debtor of the date on which the statute of limitations will expire. It is crucial to note that the information provided by the creditor may not be accurate, and therefore it is advisable to refer to personal records. The debtor can also request verification of the last activity or payment made on the debt within 30 days of receiving the notice.
In the article, Straffi emphasizes the importance of seeking legal assistance when dealing with debt-related issues. He notes that a knowledgeable attorney can help individuals negotiate with their creditors, explore debt relief options, and ensure that their legal rights are protected.
Straffi ends the article by urging individuals to take action and educate themselves on their rights and options when it comes to debt. “Dealing with debt can be overwhelming, but it’s crucial to take action and seek legal assistance when necessary,” he said. “By understanding your rights and options, you can take control of your debt and work towards a brighter financial future.”
About Straffi and Straffi, Attorneys At Law
Straffi and Straffi, Attorneys At Law, is a New Jersey-based law firm providing legal services in matters such as debt negotiation and bankruptcy law. The firm’s team of experienced attorneys is committed to helping individuals and businesses navigate complex legal issues related to debt and achieve the best possible outcomes for their clients. With a focus on personalized attention and a client-centered approach, Straffi and Straffi, Attorneys At Law, have established themselves as trusted advocates for those in need of debt relief assistance.
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