I am not a lawyer, I am the judgment broker. This article is my opinion, and is not legal advice. If you ever need legal advice or a strategy to use, please contact an attorney. It's very helpful to keep everything organized first, before you attempt to collect a judgment. Using basic storage and filing techniques may help make it more convenient to recover a judgment. A very important thing to keep is the copy of the judgment itself. If it was a default judgment, the proof of service is also really important. Also worth keeping are many other court documents, especially receipts and documents related to any post-judgment enforcement attempts. The case number is important because it is required on all future paperwork related to the enforcement of your judgment. The date of your judgment is also important, as every judgment eventually expires, and because it's needed for most post-judgment paperwork. You need to keep a detailed log of the amount your judgment debtor owes, and you need to be careful to not recover more than what is owed. Also, you need to maintain an accurate count of any money is recovered on your judgment. You also need to track the interest accrued, and all enforcement-related costs you had to spend. Sometimes most or all of the earned interest is recovered, and many times some of the interest isn't recovered, due to poor judgment debtors, compromises and settlements. Most judgments do not permit lawyer fees get be added to a debtor's debt unless the contract breach that caused the judgment, provided for them. Only the debtor can pay off a judgment, so you must collect and organize all the info possible on the debtor. You need to find all names or AKAs the debtor uses now or in the past. Keep track of all addresses the debtor uses. Try to find any names of any current and former spouses of your judgment debtor. Ex or current spouses of your judgment debtor more often know about potential assets hidden by your debtor. Whether your judgment debtor is a person, or some other entity such as a company or a corporation; you should keep records for their mailing, residential, and any other addresses. Make note of the county of each address. The debtor's telephone numbers and email addresses are worth keeping track of. Perhaps keep records of their home phone, work phone, spouse's phone, cell phone, and any other telephone number that relates to the debtorin any way. When your debtor is a business, try to find their Federal Tax Identification Number (FEIN). If the judgment debtor is a person, try and find their (and maybe their spouse's) SSN. Do not share anyone's Social Security number except when enforcing a judgment, and even then, do not share it with anyone except a bank, an employer, a Sheriff, or a process server. Another thing to keep on file is the judgment debtor's driver's license number, and the state that it came from. Also try to get the dates of birth for the debtor and their spouse. If a judgment debtor was represented by a lawyer, make note of their lawyer's name, address, telephone number, and e-mail address. Try to find out the debtor's workplace. When your debtor is employed, that is probably good news, because most of the time wages can be levied. Anything you learn about the debtor, their assets, or related to the judgment, needs to be saved and organized in your files. Being armed with this kind of info, will start you in the right direction to try enforce a judgment. Keep everything related to your judgment debtor, without saving any redundant information. You never know which little seemingly insignificant thing, can be important for the successful enforcement of a judgment. Recovering judgments is not cheap or easy, however you can make it somewhat easier by organizing and keeping important information. http://www.JudgmentBuy.com - Judgment Enforcement. Nationwide judgment referrals. The easiest, best, and fastest way to be paid the most for your judgment. Mark Shapiro, an expert on judgments. We offer the best no obligation free judgment referral leads for collection agencies, enforcers, and contingency collection lawyers.
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