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Debt Recovery – Utilizing Debtor Exams to Collect on a Judgment

Stevens Lloyd

You have initiated a lawsuit and won a Default Judgment against the debtor. Judgments are worthless unless you can locate and garnish the debtor’s assets, however. Extracting money from judgments necessitates obtaining significant information about the debtor as it relates to their assets. So now what ?

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What Happens if you Ignore a Debt Collection Agency

Nexa Collect

Legal Action : The creditor or collection agency may file a lawsuit against you to recover the debt. If you ignore this or fail to defend yourself in court, a default judgment may be issued against you. This can lead to wage garnishment, bank levies, or liens against your property.

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How the Law Offices of Alan M. Cohen LLC Can Help With Debt Recovery of Your B2B Debt Collections

Collections Law

For companies dealing with other business entities, debt recovery for services rendered can prove a difficult task. Throughout the debt recovery process, you may be tempted to take the path of least resistance and try to either put the situation behind you or turn to a collections agency. Post-Judgment Actions.

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What Business Owners Need to Know About Their Foreign Judgment Rights

Collections Law

The experienced and effective debt collection attorneys at the Law Offices of Alan M. Cohen LLC domesticate and enforce foreign judgments for clients outside Massachusetts. Domesticating Your Judgment. After the Commonwealth of Massachusetts finally did so nearly two years ago, domesticating a foreign judgment now has two paths.

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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.

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Uncovering Hidden Assets: Strategies for Locating Assets on Individuals and Businesses to Enforce Judgments

Collection Industry News

Introduction: When you’ve obtained a judgment in your favor, the next crucial step is enforcing it and recovering the owed amount. One significant aspect of the enforcement process involves locating assets belonging to the judgment debtor. Wage garnishment can be an effective strategy if you can locate their employer.

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Collection Agencies in Puerto Rico

Nexa Collect

Skip tracing, employment and asset tracking, locating real and personal property, investigating liens, judgments, and corporate filings with the local Secretary of State, are but a few of the methods used to recover your receivables. All that being said, in Puerto Rico interest is allowed on money judgments, at a rate of 6%.