Legal Question in Civil Litigation in New Jersey

i need to collect on a large (over 200,000.) personal loan. have a signed prom. note. what kind of legal fees am I looking at to collect in NJ


Asked on 1/05/13, 7:00 am

4 Answers from Attorneys

Jef Henninger, Esq Law Offices of Jef Henninger, Esq.

I would need more info. Call me to discuss. 732/773/2768

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Answered on 1/05/13, 7:47 am
John Corbett Corbett Law Firm LLC

It depends on the nature of the debt and whether the attorney is willing to work on a percentage fee. You always have the option of paying for services at the lawyer's hourly rate if that is arranged at the start of work. Collections are frequently done for a percentage of what is collected commonly ranging from 30-50%. I do collection work and could give you a more definited fee proposal if I know more about the debt and the defendant.

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

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Answered on 1/05/13, 8:00 am
Roman Fichman Esq. Law Practice of Roman Fichman Esq.

Generally speaking, the cost of collection legal work largely depends on whether litigation is involved. Without litigation the cost can range between seversl hundred to a few thousand dollars.

Feel free to contact my office for additional information.

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Answered on 1/05/13, 2:36 pm
Michael Lindner Lindner Law LLC

Collection work is either done hourly or on a contingent fee � which varies considerably based on the specifics of each case.

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Answered on 1/07/13, 8:16 am


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