Home/New Jersey/Statutes/Title 2A: ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE/§ 2A:55-6
New Jersey Statutes

§ 2A:55-6 — Compromise of joint indebtedness

New Jersey·Title 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
Joint debtors may individually compromise with their creditors for their joint indebtedness in the same manner and with like effect as partners on the dissolution of the partnership may compromise with their creditors as provided by sections 42:5-1 to 42:5-5 of the title Partnerships and Partnership Associations, of the Revised Statutes. L.1951 (1st SS), c.344.

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Nearby Sections

9
§ 2A:55-1
Liability of any of joint debtors served; judgment and execution; special judgment as against those served by publication
§ 2A:55-2
Representatives of 1 joint debtor chargeable as on joint and several obligations
§ 2A:55-3
Real sum due considered as the debt; judgment for penalty; discharge
§ 2A:55-4
Payment may be pleaded even though not made according to condition
§ 2A:55-5
Defendant may bring money into court with costs, pending action; judgment of discharge
§ 2A:55-6
Compromise of joint indebtedness
§ 2A:55-7
Settlement or compromise of claims against directors or sureties
§ 2A:55-8
Settlement pending action
§ 2A:55-9
Several acts in condition in bond, bill, or contract
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