New Jersey Debt Negotiation Attorney Daniel Straffi Releases Insightful Article on the Statute of Limitations on Debt in NJ

New Jersey Debt Negotiation Attorney Daniel Straffi Releases Insightful Article on the Statute of Limitations on Debt in NJ

Daniel Straffi (, a recognized New Jersey debt negotiation attorney from Straffi & Straffi Attorneys at Law, has released a comprehensive article titled “What Is The Statute Of Limitations On Debt In NJ?” The article aims to shed light on crucial legal nuances that affect debt collection and debt defense in New Jersey.

The statute of limitations on debt is a critical legal boundary that dictates the timeframe within which a creditor can legally sue a debtor to recover owed money. As described by New Jersey debt negotiation attorney Daniel Straffi, understanding this statute is essential for anyone dealing with outstanding debts in New Jersey. “Many individuals are unaware that the statute of limitations can provide a defense against lawsuits over old debts,” Straffi explains. “Our goal is to educate New Jersey residents about their legal rights and the potential implications of these time limits.”

According to the article by the New Jersey debt negotiation attorney, in New Jersey, the statute of limitations varies depending on the type of debt. For example, credit card debts and most personal loans have a limitation period of six years, while car loans fall under a four-year period. The clock typically starts ticking from the date of the last activity on the account, which could include a payment or any acknowledgment of the debt.

Straffi’s article also highlights a lesser-known aspect of the statute of limitations: its ability to reset. “If a debtor makes a payment or acknowledges the debt in writing, this can reset the statute of limitations, giving creditors additional time to initiate legal proceedings,” says Straffi. This critical information underscores the importance of consulting with a knowledgeable attorney before making decisions that could inadvertently extend one’s legal obligations.

The article further discusses the implications of the statute once it expires. According to Straffi, “Even after the statute of limitations has expired, creditors might still attempt to collect. It’s imperative that debtors are aware of their rights to defend against such actions.”

Moreover, Straffi’s article provides guidance on actions debtors should take if approached by a creditor after the statute of limitations has expired. He emphasizes the importance of legal representation in such cases to help ensure that debtors’ rights are fully protected.

For those facing ongoing debt collection efforts or contemplating their financial options, the article serves as a valuable resource. It offers not only an explanation of relevant laws but also practical advice on how to handle debt-related legal issues.

Straffi & Straffi Attorneys at Law encourage anyone grappling with debt, whether recent or old, to consider their legal options carefully. With the complexities of New Jersey laws governing debt collection, having skilled legal counsel can make a significant difference in the outcome of debt-related disputes.

About Straffi & Straffi Attorneys at Law:

Straffi & Straffi Attorneys at Law is a law firm based in New Jersey, dedicated to providing legal assistance in debt negotiation, bankruptcy, and consumer rights protection. Led by Daniel Straffi, the firm prides itself on advocating for the rights of New Jersey residents and offering personalized, compassionate legal services to those facing financial difficulties. With a deep understanding of the emotional and financial tolls of debt, Straffi & Straffi aims to empower clients with the knowledge and legal strategies needed for a fresh financial start.


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Company Name: Straffi & Straffi Attorneys at Law
Contact Person: Daniel Straffi
Email: Send Email
Phone: (732) 341-3800
Address:670 Commons Way
City: Toms River
State: New Jersey 08755
Country: United States