Collection Coverage – Newark

Burt and Associates is a Collection Agency that specializes in Commercial Collections with coverage for New Jersey.

Newark | Atlantic City | Jersey City  Princeton | Trenton

How to get Started:

Contact us to speak with a New Account Information Representative.   We will discuss your overdue accounts in detail. After thorough debtor investigation, we will tell you which accounts show promise of collecting (there may be conditions, such as bankruptcy, which have voided the debt).  We will also suggest which accounts may be better handled in house.

Contact Burt & Associates

• Toll free: 1-877-740-7839

• Fill out our Contact Form on line

• For a Free Quote, fill our Get Quote Form on line

Newark, New Jersey Collection Laws

We hope that this information on New Jersey Collection Agencies assists you. The following is a summary of the New Jersey Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise.

• New Jersey Collection Laws Interest Rate
  Legal: 6%
  Judgment: No Statutory Provision
• New Jersey Collection Laws Statute Of Limitations (Years)
  Open account: 6
  Sale of Goods: 4
  Written Contract: 6
  Domestic Judgment: 20
  Foreign Judgment: 20
• New Jersey Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  N/A

• New Jersey Collection Laws General Garnishment Exemptions
  $142.50 wk. minimum 10% of gross earnings $142.50 & over

Newark (part of NY- NJ – PA MSA)  Economy Ranked No. 43 Among 366 U.S. Metro Areas

SOURCE: http://www.policom.com/metrorank.htm

Newark Recent and Projected Job Growth Outpaces U.S.

SOURCE: www.bestplaces.net

Economy                                 Newark                        U.S.

Recent Job Growth                  2.00%                      0.35%

Future Job Growth                33.80%                   32.10%

Mayor Cory A. Booker Spurs Local Economic Growth March 2012

http://www.businesswire.com/news/home/20120301007159/en/Mayor-Cory-A.-Booker-Spurs-Local-Economic

In Newark’s Groundbreaking Year, dozens of construction projects representing more than $700 million in new development are in progress. This investment will create over +3,000 construction jobs and +3,000 permanent jobs. Mayor Booker has led the City of Newark into the biggest single year economic boom the city has seen in decades,” said Adam Zipkin, Deputy Mayor for Economic and Housing Development.

Employment and Industries in the Newark Area

Newark is situated at the core of the New York/New Jersey area industrial economy. Newark is an important location for transportation including air, road, sea and rail. Transportation-related sectors and the telecommunications industry are the leading economic elements. Newark also includes a highly active international port. Newark is a major distribution and retail trade center in the mid-Atlantic region. In addition, it’s one of the country’s major centers regarding the wholesale trade of machinery and chemicals.

Newark is one of the nation’s largest insurance centers and home to the headquarters of the insurance companies Mutual Benefit and Prudential Insurance Companies. It also includes the headquarters of numerous major banks and savings and loan associations. The headquarters of International Discount Telecommunications is also situated in Newark.

The manufacturing industries are significant parts of the economy. Employment is provided by companies that produce items such as electrical products, polymers, machinery, leather, electronic equipment, jewelry, chemicals, cosmetics, paint, varnish, perfume and cosmetics, foodstuffs and paper boxes.

Workforce New Jersey helps employers find and train new employees. The organization also assists employees with exploring careers, education and searching for jobs. The New Jersey Institute of Technology provides help to new companies, small manufactures and defense contractors via specialized programs.

Details about Newark, New Jersey: In 2009 the average earnings in the city was $31,000. The cost of living index in 2008 was at 140.7 which is very high when compared to the national average of 100. In Newark, 9% of the adult residents have achieved a bachelor’s degree or higher.