Each civil judgment is a unique circumstance, where you cannot always predict what can go wrong. Sometimes a proposed judgment is settled in court and never turn into final judgments. In these kind of situations, even though that creditor needed to settle, they ended up far better off than most judgment owners do; because they really were paid. The majority of judgment creditors do not get repaid anything, or just are partially repaid in the long run. My articles are my opinions and are not, a legal opinion. I'm a judgment broker, and not a lawyer. When you want a strategy to use or legal advice, you should retain an attorney. For judgments to have any value, judgments must meet this list of 6 tests: 1) The judgment wasn't satisfied or settled. 2) Was not vacated or dismissed. 3) The debtor didn't get bankruptcy protection. 4) The judgment didn't already expire. 5) If the debtor is a person, the debtor did not die or move overseas. Or, when you sued some business that has vanished or has gone out of business, the creditor's judgment most often becomes worthless. 6) The debtor continues to have assets. If debtors get old, it most often is much more difficult to collect judgments from them. As long as the creditor's judgment remains able to pass all those six listed items, there is an opportunity to either sell the judgment at some large discount, or try to recover it yourself, or find a recovery solution. A judgment broker saves creditors hassles and time, if they are willing to come to terms with the truth about their judgment situation. When a judgment isn't settled, purchased, or enforced fast; there's a large chance nothing will ever get recovered from it. Over time, most creditors go through these 4 stages: 1) Dreamland: Although the majority of judgments get valued at just a small percentage of a debtor's available assets with a cash upfront purchase; way too many judgment owners contact everybody the creditor can, to try to sell their judgment for cash up-front and be paid top dollar. most won't ever be paid, and will quickly find a lot of flakes and liars on the internet. 2) Very optimistic: Where the situation continues to look good; as many judgment owners try to recover their judgment, or find a buyer for some cash up-front, or find a recovery professional. 3) Still somewhat hopeful: Although the judgment cannot be sold for cash or recovered right away; there is some chance that something may get collected someday. 4) Hopeless: If a creditor's judgment fails even one of those 6 checklist items above, or no one will pay anything to buy it, or is able to collect the judgment. In this economy, most judgments are now hopeless. Many creditors take way to long to realize this. Judgment collection is a recovery attempt, this means to recover or collect a judgment. Judgment buyers can help with your judgment recovery efforts. Mark Shapiro of http://www.JudgmentBuy.com - Your fastest and easiest free way to find the right professional to recover or buy any judgment.
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