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If the money is not collected (liens) Request to have the judgment recorded as a lien against any real estate the debtor owns. Once the judgment is recorded in the Superior Court, the debtor cannot sell with clear title any real estate owned in New Jersey until the debt is paid.

Under New Jersey law, each debtor is entitled to an exemption protecting $1,000 of personal property from collection to satisfy a judgment. In addition, welfare, social security and unemployment benefits are protected from judgment levy.

Debt Collection Through Court If one of the out-of-court options doesn't work, creditors can file a lawsuit seeking a court judgment against the debtor. With a court order, the creditor becomes a ?judgment creditor,? and they can take practical steps to take the debtor's property.

The statute of limitations on a judgment is 20 years ? not six. Further, a creditor can renew the judgment. Also, he said, there is an exception to NJ Statute of Limitation law. ?The six-year statute of limitation does not apply to contracts between merchants or a sale of goods under NJ's Commercial Code.

Filing Fees & Waivers To file a lawsuit complaint$250To file an answer to a complaint$175To file a motion in a civil suit$50

Once the judge signs the order, you must send it to the sheriff in the county where the bank is located, to the bank and to the debtor. The sheriff can then go to the bank and get the money from the account. Execution on Other Assets - You also can look to other assets to satisfy the judgment.