Judgment collection hinges upon locating assets. Debtors who allow a judgment to be taken against likely either: 1) do not have money to pay, 2)ignore lawsuit,or 3)are debtors determined not to pay.
The National Judgment Recovery Center divides the collection process into steps like abstraction of judgment, research upon judgment and debtor assets and engaging counsel at the court.
No, the judgment in itself does not force the debtor to pay. However, the judgment can be used to make the debtor pay. Extracting money from the debtor requires knowledge of debtor assets.
A court judgment does not mean the debtor will pay you. However, there are a variety of court orders which can be obtained post-judgment to motivate the debtor to pay you.
You won the judgment over two years ago but unfortunately still have not been paid! There are thousands of companies anxious to pay you for your judgment.
Judgments are decisions of a court regarding matters of fact and law. In layman’s terms, you ask the court to settle your dispute by filing a request termed a petition.
Yes and no. The court can help to collect your judgment. However, the court will not proactively take action to collect your judgment for you.
A court judgment is an official pronouncement of a court of law. Judgments are issued by many types of courts for many types of issues. A court judgment is not an order compelling a party to act.
Selling your judgment is an option worth considering. Regrettable, about 80% of court judgments are never collected. Reasons for the low collection rate include the skillfulness of sneaky debtors.
