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3 reasons to use post-judgment litigation in collections

Collections Law

Once you manage to receive a judgment from the court for the debt a client or customer owes you, your next step is collecting on that judgment. Cohen LLC, we know how difficult collection can be, even when you have a judgment. In some cases, post-judgment litigation is the right path to take.

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How to Get a Deficiency Judgment After a Foreclosure Sale

Jimerson Firm

When a lender obtains a final judgment of foreclosure from the court, the mortgaged property is sold at public auction and, if bought by someone other than the foreclosing lender, the proceeds are applied to the debt owed by the delinquent borrower. Procedure For Getting a Deficiency Judgment. Amount of Deficiency Judgment.

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How Our Business Collection Attorneys Domesticate and Enforce Foreign Judgments Against Debtors

Collections Law

Cohen LLC, you will find that the process of domesticating and enforcing foreign judgments against your debtors is a much more straightforward process than one would typically expect. Filing of Judgments. For out-of-state creditors, the commercial litigation collections lawyers at Law Offices of Alan M.

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Advanced Debt Collection Techniques, Part Two

Stevens Lloyd

These include Writs of Execution, Bank levies, and Wage garnishments. A writ of execution (otherwise called an execution) is a court order used to put a judgment of ownership into power after it’s obtained by the offense from a higher court. What is a Writ of Execution. Obtaining a Writ of Execution. Bank Levies.

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Commercial Debt Collection for Businesses – 2023 Guide

Direct Recovery

The commercial debt collection process typically involves everything from communicating with debtors about the amounts owed and negotiating payment terms to pursuing legal action and obtaining a judgment against a debtor and garnishing their wages. In most cases, they do not apply to business debts.

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A Comprehensive Overview of How Commercial Debt Collection Agencies Work

Debt RR

What Happens to Debt that is Sold to a Commercial Collection Agency? Businesses can expect a few things when their debt is sold to a commercial collection agency. In extenuating circumstances, the commercial debt collection agency might work with the creditor to file a lawsuit against the debtor.

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How Aggressive Collections Attorneys Can Aid in Massachusetts Debt Recovery

Collections Law

Instead, they will help you collect on the debt by filing a lawsuit against the debtor, seeking and obtaining attachments on the debtor’s assets, and even garnishing their wages post-judgment so that you can get paid for your judgment debt. The Law Offices of Alan M. At the Law Offices of Alan M.