Burt and Associates is a Collection Agency specializing in Commercial Collections with coverage for New Jersey.
Newark | Atlantic City | Jersey City Princeton | Trenton
How to Get Started:
Contact us to speak with a New Account Information Representative. We will discuss your overdue accounts in detail. After thorough debtor investigation, we will tell you which accounts show promise of collecting (there may be conditions, such as bankruptcy, which have voided the debt). We will also suggest which accounts may be better handled in house.
Contact Burt & Associates
- Toll free: 1-877-740-7839
- Fill out our Contact Form on line
- For a Free Quote, fill our Get Quote Form on line
Note: Navigating the New Jersey business landscape requires an understanding of both the economic climate and the legal framework. Burt and Associates’ local expertise ensures that your debt recovery efforts are both effective and compliant with state-specific regulations. With the improving economy, now is an opportune time to recover outstanding debts and secure the financial stability of your business.
Newark, New Jersey Collection Laws
Understanding New Jersey’s collection laws is essential for effective debt recovery. Below is a summary of key New Jersey collection laws that may impact your accounts receivable strategy:
- Interest Rate on Judgments: Legal interest rate: 6%; No statutory provision for judgment interest.
- Statute of Limitations:
- Open Accounts: 6 years
- Sale of Goods: 4 years
- Written Contracts: 6 years
- Domestic Judgments: 20 years
- Foreign Judgments: 20 years
- Bad Check Laws (NSF): Civil penalties apply but no specific amount is mandated by state law.
- Garnishment Exemptions: Exemptions include a minimum of $142.50 per week or 10% of gross earnings over $142.50, whichever is greater.
Key Considerations for Businesses in Newark
- Strategic Debt Recovery: Burt and Associates leverages local knowledge to navigate New Jersey’s specific legal requirements, ensuring your debt collection process is efficient and legally sound.
- Compliance with Local Laws: Our team’s expertise in New Jersey’s legal landscape reduces the risk of non-compliance, protecting your business from potential legal challenges.
- Tailored Collection Solutions: We offer flexible collection strategies that can be adjusted based on the unique circumstances of each debtor, ensuring maximum recovery while maintaining positive client relationships.
