New York, NY asked in Consumer Law and Contracts for New Jersey

Q: Hi, I took a personal loan from an acquaintance and was recently ordered to repay the amount in full through in court.

I have reached out to the lender to repay the loan in full, in exact accordance with the judgement/court order. However, the lender is not accepting payment. They are just not responding. Is there a point where the debt can be cancelled due to not accepting payment in full or refusing to comply with the court order?

Adding information given the first answer: to be clear I am attempting to repay the loan in full. I have the money to pay it back but they are not accepting it. And by in full, I mean to the exact letter of the court order. All fees, interest, etc. Included.

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2 Lawyer Answers
Leonard R. Boyer
Leonard R. Boyer
Answered
  • Clifton, NJ
  • Licensed in New Jersey

A: Debts just do not get magically canceled. If it is appropriate and cost-effective you should simply file for bankruptcy, but that cannot be determined here. The creditor is under no obligation to take payments, but will almost certainly serve you with an information subpoena. You can have a secure video conference with many attorneys, and everything can be transacted remotely including if you file for bankruptcy. But remember, a good attorney is rarely ever cheap and a cheap attorney is rarely ever good.

Morris Leo Greb
Morris Leo Greb
PREMIUM
Answered
  • Rockaway, NJ
  • Licensed in New Jersey

A: Yes, you will need to make an application to the Court for applicable relief. Speak to an attorney to discuss filing the appropriate motion with the Court.

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