Legal Question in Business Law in New Jersey

I hired a collection agency to collect a debt on my behalf. I was one of about 600 creditors.

According to our contract they were to make an inertial purchase of 0.01% of the debt,they would also get 1/3 of the proceeds collected and an extra 15% would be added if lawyers were needed. I looked through my records and they never made the initial purchase. Is this contract valid?


Asked on 11/29/12, 11:14 am

2 Answers from Attorneys
John Corbett Corbett Law Firm LLC

The arrangement seems a bit odd. If you can get a copy of the offer to me, I will look it over and be in a better position to advise you.

See also: http://info.corbettlaw.net/lawguru.htm

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Answered on 11/29/12, 1:35 pm
Robert Davies The Davies Law Firm, P.A.

I do not understand the contract, and I would need to read it over before I can comment.

let me know if you want me to take a look at this for you.

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Answered on 11/30/12, 8:11 am


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