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Judgment Collection Takes Time by Mark Shapiro





Judgment Collection Takes Time by
Article Posted: 08/23/2013
Article Views: 161
Articles Written: 325
Word Count: 608
Article Votes: 0
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Judgment Collection Takes Time


 
Law
Our company helps judgment owners (with no obligation or costs) to quickly find the right judgment buyers and/or judgment recovery professionals. More than 99% of the "complaints" we receive, are as one of 2 basic types of questions:

1) Why can't you find me a buyer? Just about always, the answer is that you over-estimate the cash up-front value of judgments. Buyers don't care about anybody's situation or sales price demands or suggestions; buyers only care a lot about the judgment debtor's assets.

2) Thanks for hooking me up with a judgment recovery "expert" for me so quickly, however it's been about (for example 23) days now, and they haven't gotten a dollar as of yet, so can you please get me someone else? The remainder of this article answers this type of question.

This article is my opinion and is not, a legal opinion. I am a judgment broker, and not a lawyer. When you need a strategy to use or legal advice, please contact an attorney.

With the majority of judgments, judgment recovery is slow or impossible; for nearly the same reasons that it is impossible to locate buyers for judgments if the prices demanded for them is too high for the judgment debtor's situations. Even the quickest judgment recovery expert in the nation cannot be faster than the local civil courts and Sheriff departments.

Even with the best situations, it can take months for a court to endorse and return writs, and Sheriff departments to process levies and/or make payments in post-judgment recovery proceedings. In ideal situations, it might take as long 3 months before any money is sent to the creditor. When a debtor files for bankruptcy protection soon after the levy, any money recovered is at risk, and is not "secured" for as long as three more months.

It is a very rare judgment that is ideal. If your circumstances were ideal, you'd have already been paid back a long time ago. The majority of judgments are tough and are usually collected very slowly (or never), and any money that might get collected, arrives in chunks and bits over time.

The majority of debtors have no obvious available assets. The majority of judgment recovery specialists do not waste money on poor judgment debtors, or waste vast amounts of money to try to undo fraudulent transfers, unless both the judgment amount and the potential available assets at stake are bothlarge.

When there is not any available assets showing; after spending for a bank, property, and job search and finding nothing; most recovery specialists will place the judgment case file back on the shelf, or inside a folder with their PC. Then, they set their calendar or computer to remind them to recheck their debtor's situation, every ((e.g., six months or year).

After a certain amount of negotiation, and perhaps even some reimbursement (for example, repaying your judgment enforcer's costs for recording property liens etc, because if the judgment is returned, those will belong to you), many enforcers will consider returning a judgment to you.

However, when you later find another judgment enforcer; most often, you will have the same results. Although there's exceptions, cases where the first enforcer made no progress and another then gets results, this doesn't happen too often. Judgment recovery isn't guaranteed, and usually measured by the month and year.

Judgment collection is a recovery effort, which means to recover or collect a judgment. Buyers are available and can help with any judgment collection efforts. Mark D. Shapiro of http://www.JudgmentBuy.com - The easiest and fastest free method of finding the best expert to recover or buy any judgment.

Related Articles - Recovery Takes Time, enforcement takes time, collection takes time,

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