Judgment Enforcement Frequently Asked Questions
1445 Highway 130, Suite 7 North Brunswick, NJ 08902 Florida (941) 375-2980 | |||||
 |
Frequently Asked Questions |
| |||
Is there a statute of limitations on executing my judgment? Can I recover interest on my unpaid judgment? Usually, yes. Most judgments include a provision for the payment of interest from the day it was awarded. The actual interest rate and calculation process varies from state to state. With interest, your judgment could be worth significantly more than the day it was awarded. Shouldn't I use an attorney to enforce my judgment? You can, if you are willing to put down a retainer and pay a fee of between $125 and $175 per hour, whether they ever recover anything or not. When we enforce the judgment, we pay you per our agreement. In our personal experience using an attorney to enforce our own judgments, we found they were more then willing to accept the case for suite. However once the Judgment Order was entered, we were on our own. It seems that the easy part is appearing in court. Squeezing money out of the Judgment Debtor is another story. You as could use an attorney to collect the funds. We found that they want to be paid hourly recovery or not! Why use us to enforce your judgment? We do not get paid unless we collect your money, Our MOTIVATION is simple, "No results, we don't eat". If you have legal questions you should defiantly speak with an attorney. How about using a collection service? A collection service may contact the deadbeat and irritate him to death! They may even place a black mark on his credit report. But, they rarely collect! And with the passage of the FDCPA (Fair Debt Collection Practices Act), the debtor has the right to just tell a third-party debt collector to cease all communications. We, as the legal assignee of record, are not affected by many provisions of the FDCPA. We can investigate the debtor, locate his assets and seize them to enforce the judgment. Can you take possession of the Debtor's Personal Property, Real Estate or Vehicle? Yes, in some cases. This depends on the state where the property is located. An Execution, Levy, or Lein will assist us in this procedure, we will also make use of a few other resources we have, while complying with the Rules of the Court in that particular state. Is there any guarantee that you will be successful? No. Sometimes there are simply no assets to seize. But you can be sure that we will do our best, because if we are unable to enforce your judgment - we don't get paid! This gives us a serious incentive to succeed!! Must I pay any of the expenses incurred in enforcing my judgment? How long before I will actually see results? It all depends on the difficulty in locating the judgment debtor and in uncovering his assets. Some debtors are pretty adept at hiding their assets. They appear to live without any 'normal' means of support. We will try our best to get results in the first few weeks, but it could take months in a difficult case.
Someone owes me money; can you get me the judgment? NO. You can represent yourself (Pro Se); use a collection agency or an attorney. Once you are awarded the Judgment we can then attempt to enforce and collect your judgment. The Debtor filed for bankruptcy; can you enforce the Judgment? I'm sold! What is my next step? Brian Petrone JUDGMENT ENFORCEMENT AGENCY, upon contracting for services, reserves total and exclusive right to direct the enforcement of any judgment at its discretion. In certain cases, an agreement for payment terms is reached between Brian Petrone JUDGMENT ENFORCEMENT AGENCY and the judgment debtor. This may facilitate expedition of the procedures involved, and ultimately may lead to the satisfaction of the judgment where satisfaction may not otherwise have been attained. I'm sold! What is my next step? | |||||
|
| |||||
