Judgment Collection Attorneys- Help You Locate Your Debtors And Recover Losses

Judgment Collection Attorneys- Help You Locate Your Debtors And Recover Losses

Author: Sanjana Sharma

Debtors are extremely creative in avoiding the payment of their debts. This fact is no more hidden from our creditors (our clients).We help our clients in locating and converting debtor assets into recovery of their losses. First aspect is to know how your debtor has structured his income sources and assets holdings. It is vital to enforce a judgment.

Method of Investigation

Unlike most judgment collection attorneys, everyone into this uses his training, experience and resources to track and locate judgment debtors. They reveal their assets and sources of income. They use their contacts to get the whole information. We apply a unique combination of tools and experience at our disposal to satisfy the judgment of our clients.

How located assets are converted to recover the losses?

Resources that surpass a typical collection agency are offered by a judgment collection attorney. Using all statutory remedies available, recovery of losses is devised and mainly includes:

1. Post-judgment discovery of information to aid enforcement


2. Wage garnishments


3. Account levies


4. Turn-over orders


5. Executions on real estate and personal property interests


6. Assignment orders


7. Charging orders


8. Creation of judgment liens


9. Identifying and avoiding fraudulent asset transfers, creditor suits, and receiverships.

Attorney applies every method to overcome the challenges that are keeping you from the money that is rightfully yours. They generate results on your behalf even if you have not yet obtained a court- ordered judgment. This is applicable if you have secured or unsecured receivables. In case it is like domesticating sister- state or foreign judgments, additional efforts and resources are required by the attorneys for assistance.

This can be well explained by demonstrating through the assignment method of judgment recovery. Two years ago. Mike "won" a judgment against Straut for $4,800.But you are unable to collect any of the judgment. Straut no more lives and works at same place. Mike's attorney is quickly able to locate Straut and finds that he is doing pretty well for himself...

A deal is stroked which would give him 50% of everything you collect from Straut (up to 50% of the original judgment). And a contract is signed. At the time the judgment is awarded, the court also declares that the debtor must pay the legal simple interest rate (10% annually in most states) from the award date. The judgment ($4,800) plus interest for two years has now become a debt of $5,240. Straut is legally obligated to pay every cent.

Next, you simply fill out the appropriate court forms and the sheriff seizes Straut’s bank account for you. This is quick income. Now you can generates a recurring weekly cash flow. This cash flow can fund your vacations for three weeks or you can say that these are your bread and butter judgments. You can also simply file the appropriate papers to attach a lien to his property. Even though it doesn't have much equity in it now, someday it will. When Straut sells or refinances the property anyone who has a lien on it will be paid before Straut gets his share. This equity is terrific for security in procuring personal and business loans to expand your company. This will also be your long term retirement income.

You just recovered $2,400 for Straut that he would have never seen. A true win/win situation . . . and just when you thought it couldn't get any better, on top of all that you get to add 100% of the costs that you incurred to collect this judgment.

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About the Author

David Balington is the author of this article. For more information about judgment collection, judgment enforcement, judgment recovery, Judgment recovery consultation visit http://www.jbalington.com/