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Court Officer Debt Settlement Enforcement New Jersey

Date: Mon, 09/17/2012 - 09:10

Submitted by mark226226
on Mon, 09/17/2012 - 09:10

Posts: Credits: [Donate]

Total Replies: 2


This is my first post on this board and I really appreciate the help.

There was a judgement obtained against me through a law firm for Discover card for about $14,000. I received a regular mail letter from a court officer stating that if I did not contact his office immediately and make satisfactory arrangements to pay the total due he will apply to the court for an order permitting him to enter my home or business to levy on my household or business goods and furnishing and have them appraised so that the value in excess of $1,000 can be sold at public auction to satisfy the judgement.

I have a few questions:

1) How fast will something like this happen? Will they enter my house when I am not home?

2) I may be in a position to settle this debt if they are willing to settle for 50 or 60%. Should I contact the law firm directly?

3) Should I write a letter to the court officer to let them no I am trying to work this out with the law firm, or should I not engage the court officer at all?

4) Should I use a debt settlement service for this or try to find an attorney? With limited funds and attorney may be out of the question unless they will work on a percentage of what they can save me.

I really appreciate the advice!

Thanks,

Mark


Quote:

1) How fast will something like this happen? Will they enter my house when I am not home?
Not sure how quickly you can expect a sheriff to show up and start looking around at your "stuff". You should connect with a consumer attorney in your area to get a firm understanding of how things progress from here.

No, they will not enter your home when no one is there.

Quote:
2) I may be in a position to settle this debt if they are willing to settle for 50 or 60%. Should I contact the law firm directly?
Yes. If you want to settle the debt you will need to speak with whomever the creditor designates. In this case it is highly likely your negotiations will be with the law firm that sued.

Quote:
3) Should I write a letter to the court officer to let them no I am trying to work this out with the law firm, or should I not engage the court officer at all?
It would be best to talk with your own legal counsel about this. A local attorney with a practice focused on consumer law would be the best resource to answer. If it were me in your shoes, I would call the court, not write, in order to learn from them what and when they are prepared to do in order to collect on the judgment.

Quote:
4) Should I use a debt settlement service for this or try to find an attorney? With limited funds and attorney may be out of the question unless they will work on a percentage of what they can save me.
Your available money would be best put to use by negotiating and paying the debt yourself. Having said that, your situation has progressed to a point where you have little leverage. If you are uncomfortable with the negotiation, or are concerned you will cough up more details that would prevent you from achieving a settlement you can afford, look for a pro to assist you.

New Jersey has strict debt adjusting laws. You pretty much have to be a non profit or an attorney to meet the debt adjusting requirements.

A typical non profit offering debt management plans will be of no use to you.
An attorney offering settlement services in NJ will have fees that can range from a flat fee, to a percentage of what they save you.

It would be a good idea to connect with an attorney to at least talk about your issues and abilities to resolve this.


lrhall41

Submitted by MichaelBovee on Mon, 09/17/2012 - 10:34

( Posts: 125 | Credits: )