I am often asked by clients whether prejudgment interest can be obtained from debtors on unpaid claims. Prejudgment interest is usually awarded by the courts in New Jersey only when a written contract exists between the creditor and the debtor which includes a provision for the assessment of interest if payment is not received by the creditor in a timely manner.
Continue Reading Collecting Prejudgment Interest on Debts
Collections
Basic Considerations For Collecting Money In New Jersey
By Stark & Stark on
Posted in Collections, Litigation
Creditors should keep certain things in mind with respect to collection of past-due obligations.
Continue Reading Basic Considerations For Collecting Money In New Jersey