What is a Lien Waiver in Construction?
A construction lien is one of the most effective debt collection tools that contractors have at their disposal. Under New Jersey state law (N.J.S.A. 2A:44A-3), …
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July 20, 2022 Collections
July 14, 2022 Collections
What Assets are Protected From Creditors in New Jersey?
When your business is attempting to collect from a debtor in New Jersey, it is important to understand that certain assets are protected from creditors …
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June 30, 2022 Collections
How Long Does it Take to Release a Bank Levy in New Jersey?
A bank levy is a debt collection tool. It effectively allows a creditor to place a “freeze” on the debtor’s account to work toward satisfying …
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June 1, 2022 Collections
When Should a Business Turn Over an Account to Collections?
For a number of different reasons, not all customers pay their accounts on time. Some people make mistakes, some end up in a difficult financial …
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May 18, 2022 Collections
The Cost-Benefit Analysis of Filing a Lawsuit to Collect a Debt
The Federal Reserve Bank of New York reports that U.S. households owed an estimated $15 billion in debt. Businesses owe trillions more in outstanding financial …
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