Loan Collection Attorney in Roseland, NJ

Loan collection is often more complicated than simply asking a borrower to repay a debt. Borrowers may ignore repayment requests, challenge the terms of the loan, or claim financial hardship. These challenges can delay or prevent debt recovery, making it essential to have a skilled loan collection attorney on your side. Common challenges include:

Borrower Default. A borrower defaulting on a loan means they are not meeting the repayment terms outlined in the loan agreement. Defaulting can occur for many reasons, including financial hardship, unwillingness to pay, or disputes over loan terms. Our attorneys work to understand the reasons for default and develop strategies to either negotiate repayment or pursue legal remedies.

Loan Disputes. Borrowers may dispute the terms of a loan, claim that the agreement was not legally binding, or argue that they were unaware of certain conditions. Disputes like these can significantly delay the collection process and require legal intervention to resolve. At Faloni Law Group, LLC, we are experienced in resolving these disputes and enforcing the terms of the loan.

Insolvency or Bankruptcy. If a borrower files for bankruptcy, it can complicate the loan collection process. In some cases, lenders may be prohibited from collecting debts during the bankruptcy proceedings. Our attorneys understand the complexities of bankruptcy law and will work to protect your interests, including helping you navigate the legal options for recovering debts in the context of insolvency.

How Faloni Law Group, LLC Can Help

At Faloni Law Group, LLC, we provide personalized legal representation to assist with loan collection matters in Roseland and surrounding areas. We offer a range of services to help you recover unpaid loans while protecting your legal and financial interests.

Thorough Loan Assessment. Before taking any action, we conduct a thorough assessment of the loan agreement and the borrower’s situation. Understanding the specifics of the loan, including the terms and conditions, is critical to determining the best approach for collection. Our attorneys will review your loan documentation to ensure it is legally enforceable and identify any potential challenges.

Negotiation and Settlement. In many cases, loans can be recovered without resorting to litigation. We work closely with borrowers to negotiate repayment plans, settlements, or modified loan terms that help resolve outstanding debts. Through negotiation, we aim to recover as much of the loan as possible while avoiding costly legal battles.

Litigation. When negotiation fails or the borrower refuses to cooperate, litigation may be necessary. Our attorneys are skilled litigators who will aggressively pursue your case in court. We will work to secure a judgment in your favor and take the necessary steps to enforce the court’s decision, such as garnishing wages, placing liens on property, or seizing assets.

Post-Judgment Enforcement. Even after obtaining a judgment in your favor, collecting the debt can still be a challenge. Borrowers may hide assets or refuse to comply with court orders. Our team is well-versed in post-judgment enforcement, including using tools like bank levies, wage garnishments, and property liens to ensure the judgment is enforced and that you recover what is owed to you.