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Re: If a collection agency gets a judgement in NJ what can they take?

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Posted by marianco ( on September 05, 2002 at 14:26:40:

In Reply to: Re: If a collection agency gets a judgement in NJ what can they take? posted by Why Chat on September 05, 2002 at 14:05:22:

I have over 150,000 equity in my home - real estate prices have skyrocketed in this area. They are suing for about 8500. It is a very modest home, but located in an expensive real estate area. The home is only in my name - not my husbands. These people have yet to notify me as to who the original creditor is - although I have a feeling it might have been a card in my husband's name and not mine (my name is spelled incorrectly everywhere and I am listed second in the suit. We never had joint accounts - they were all individual.) I requested validation on August 8 via fax and I have a confirmation that the fax was received at this law firm's number - I have a confirmation from the fax machine that the message went through. Although the debt is probably over six years old (I can't say for sure since I don't know what debt it is they are referring to - but I have not really had any credit cards since early 1996 it could only be from before that). However, we did have a Chapter 13 case open during some of this period. I guess if they don't validate the debt shortly I may win the case because of that. I should mention that I received correspondence from this "law firm" about several debts that they have "file numbers" on. I didn't respond to them because I was very overwhelmed by a number of different things going on in my life - and because they never give the name of the original creditor. They identify the creditor as National Loan Recoveries. Would this hurt my case? (not having responded to their first inquiries).

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