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I'm a judgment referral expert, and not a lawyer. My articles are my opinions, and not legal advice. When you ever need legal advice or a strategy to use, please contact a lawyer. Usually, judgment recovery is not easy. Generally, headaches are the laws which help debtors, the debtors themselves, and our devastated economic situation. Here is a top ten judgment collection headaches: 1) Your judgment debtor files for bankruptcy protection. Most often, that is "game over" for the recovery of your judgment money. Most often, there isn't much you can do when a judgment debtor declares bankruptcy. The law is one must immediately stop any collection actions when one learns about the bankruptcy filing. Once in a while, the debtor loses at the bankruptcy court. Most often, bankruptcy courts are bad news for judgment owners. 2) Your judgment has expired. That also is "game over", and this has surprised some judgment creditors off guard, although this could have been prevented. In most states the life of a judgment may be extended. Learn the length that the judgment will last, and renew it long before it expires. 3) Not ever getting repaid your money. At least eighty percent of judgment creditors ever get repaid. 4) Getting partially repaid only after hassles, expenses or costs, and many years. While "better late than never" is a good thought, it's usually frustrating when you pay, work, and wait, a long time to be paid anything. Whenever you help to attempt to recover a judgment on contingency, where you do not have to pay any money; expect to give up an average of half of what is collected. Half of something is better than all of nothing. 5) You can't find your debtor. Sometimes the judgment debtor was "your friend" for a long time, and later defrauded you. You sued them, and later you found out the name they gave you wasn't their real name, or was one of the many names they used. Certain debtors live "off the grid", with the help of cell phones, post office boxes, and cash-based underground economies. When someone owns their home, or pays for utilities, rent, and/or land-based phones with a checkbook; or has a conventional job, they can usually be found. 6) You cannot find the judgment debtor's assets. This usually happens if a debtor is poor of clever. When they're clever and rich, you may need to hire a private investigator service to find the judgment debtor's assets. If they are poor, you may have to wait a very long time for any chance to get repaid anything. 7) Your judgment debtor files a claim of exemption in response to your Sheriff levy. This happens if your judgment debtor is poor, or when you levy an asset that's protected by a law, for example, tools used for the business of the judgment debtor. 8) The debtor tries to appeal or vacate the judgment. When either of these things happen, when the judgment owner does nothing in response, their debtor always wins. To keep judgments valid in these situations, requires costs and/or extra work for the judgment creditor. 9) The attorney that was going to recover your judgment does not seem to be doing anything, if anything. Usually, that happens if a contingency lawyer discovers your judgment is not easy to recover. 10) The judgment recovery specialist you assigned a judgment to, does not seem to be doing anything. Usually, this happens when they discover the judgment is not easy to recover. You could ask your judgment recovery specialist to assign the judgment back to you. The poorer your debtor is, the more likely the judgment enforcer will be willing to assign your judgment back to you. http://www.JudgmentBuy.com - Judgment Recovery. The easiest, free, best, and fastest chance to recover some judgment money. Mark Shapiro, the judgment broker. JudgmentBuy has the best free judgment referral leads for judgment enforcers, judgment buyers, and contingency collection attorneys.
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