Repossession Laws In New Jersey: What Consumers Need to Know


When you start getting behind on your bills, the thoughts of default, repossession, bankruptcy, and loss of quality of life is enough to make anyone fearful and avoidant.

During these uncertain times, it’s critical to communicate with your lenders. Most businesses and lenders are willing to work with you either pausing your payments or coming up with a payment plan.  Talk to your lenders, explain your situation and don’t be afraid to ask for help.

South Jersey Bankruptcy attorney Joel R. Spivack specializes in working with his clients to develop successful debt management strategies and solutions. You don’t have to fight this battle alone. Defaulting on car or house loans has serious consequences because it equates to breaking your loan contract. In the state of New Jersey, the bank or loan provider has a right to repossess your home or car when you are in loan default.

Some loans may have a grace period in which you can cure your default, but once the grace period is over, the loan provider can come to your house to collect. Always remember that debt collectors or loan owners can only repossess the property included in the loan. They can’t damage or take other property or threaten you. The repossession process is expensive and time-consuming, so the loan provider will likely be willing to work with you on other options. If repossession is occurring, then you need to know that it’s illegal to interfere with the process. Rather than attempt to avoid the undesirable consequences of missing payments, hire an experienced debt attorney who can work with your lender or help you file for bankruptcy.

With more than 30 years of experience advising clients on debt relief options, bankruptcy filings and alternatives to bankruptcy, attorney Joel R. Spivack is here to help you.

“As a debt relief attorney, I understand how confusing and scary it is to feel like you are drowning in a sea of debt. Don’t try to fight against creditors or debt collectors alone. Together, we can develop a workable strategy for tackling your debts, preventing repossession when possible, halting wage garnishment and protecting your rights. As your trusted representative, I’m committed to your long-term financial well-being.” Joel R. Spivack, Esquire.

The law office of Joel R. Spivack can be reached at 856-488-1200 or via our online contact form.


The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney/client relationship. If you are seeking legal advice, please contact our law firm directly.

We are here to help you.

Is this a New Jersey matter or Philadelphia Region matter?
We are licensed to practice in New Jersey and Pennsylvania.

Attorney Joel R. Spivack is an experienced bankruptcy and residential real estate transactions lawyer in Cherry Hill, New Jersey. Clients come to us for legal services, but what we really provide is peace of mind. For more than 30 years, Attorney Spivack has helped people make wise, informed decisions about bankruptcy filings, debt relief options and residential real estate transactions.
Skip to content