JUDGMENT RECOVERY: Creditors Q&A’s
We get many calls and emails with questions regarding our judgment recovery services. In the interest of saving you time here are some of the most asked question with straight forward answers. If you have a question not answered here please email us.
I just received my judgment; will the court get my money?
No, a lot of people think that once the court rules in their favor and they receive a judgment that the court will force the other party to pay. The courts have given you a judgment and given you the power to use others means to enforce the judgment; however you are on your own.
My Attorney told me he would recover my judgment. But it has been awhile.
We like attorneys, as they sell us many of their judgments. However Attorneys prefer to be paid directly for the litigation and the counsel they provide. Post judgment enforcement can be a new area of law that your attorney may not wish to get into for several reasons. Some experienced attorneys will just send letters demanding payment, and that’s as far as they will go because any other method will cost them or you money. Most law firms are not willing to put up money for recovery. Some attorneys may ask you to provide up front costs and pay them for their firms time. The Judgment Bureau is set up differently; we recover with no up front cost to you.
Can you help me recover my judgment?
The only way we can recover a judgment is by taking assignment of the judgment, other wise we would be practicing law which we are not authorized to do. Debtor attorneys are always looking for mistakes by the creditor and this would be one they could use to void or cancel any recovery or enforcement methods.
My company has a lot of judgments, can you handle many at once?
Yes, we can work with you in putting a package together and minimizing the paper work required. Depending on the amounts and type of judgments we can work on a package deal that may require special arrangements. Please call our office for details.
How much do you charge?
We don’t get paid until we collect. We have a detailed purchase agreement, but our usual purchase agreement is 50% of funds received.
I have a small judgment, what should I do?
Do I have to give you money up front?
There are no upfront fees. We get paid when we collect.