In this interesting and informative video, Fredrick P. Niemann, Esq., a New Jersey Business and Commercial Law Attorney discusses the risks of waiting too long before taking action if your borrower defaults on their obligation to repay their loan. Mr. Niemann discusses the Statute of Limitations for contract claims as well as those circumstances under which debtors (as well as creditors) are restricted or outright prohibited in the pursuit of repayment of a financial obligation.
An interesting video and read for both creditors and debtors particularly when the debtor claims defenses to the enforcement and collection of an outstanding loan made to him or her.
Mr. Niemann invites his readers as well as viewers of this video to contact him at firstname.lastname@example.org or call toll free at 855-376-5291.
By Fredrick P. Niemann, Esq., a NJ Contract Law Attorney