Judgment recovery can prove to be a daunting challenge. Research indicates that over 80% of civil judgments are never satisfied. Why? Sometimes it’s the law and the financial status of the debtor. Often, however, a judgment creditor simply lacks the knowledge, time and training necessary to locate and enforce the payment of their judgment.
After we have conducted a thorough asset search / bank account search and have a case assigned to our company, there are no further costs to your law firm/company. We do not get paid until we make a judgment collection for you.
We accept high-quality, collectible cases where the principal rendered at verdict is $10,000 or more, where an asset search has been purchased.
Learn more below about our judgment recovery services:
THE PROCESS EXPLAINED
The First Step - Asset Search:
Do you have a potentially collectible judgment recovery case where the principal rendered at verdict is $10,000 or more? The first step in the process is to determine if the case is collectible. In order to be evaluated for assignment, an asset search needs to be purchased from our company. For more information, please visit our Asset Search Page
Our research is trusted by hundreds of law firms across the country as the best-in-class debtor research, conducted in a law-compliant manner. This is the key to determining the value of your case and securing a successful enforcement of your judgment. Using our asset search services does not obligate you to use our firm for recovery.
Determination of Collectability:
After the research on your judgment debtor is obtained and communicated to you, a determination will be made if the case is collectible. If the case is collectible, we move on to...
Communication of Profit-Sharing Offer:
Our company may make an offer towards the profit-sharing ratio of a partial or full collection of judgment. The offer is non-binding. You are not obligated to use our company for recovery. You may use your asset search information with another collector or your attorney.
If our offer is accepted, we will send you a Judgment Recovery Application with Agreement for Assignment. We will file the completed Agreement for Assignment with your court-of-origin. It's this document that empowers our company to begin the judgment enforcement process.
Each judgment enforcement case is unique. Judgment Collection Specialists formulates an enforcement strategy for each case assigned to us that maximizes the potential for recovery.
Making a Recovery:
Just some of the options we employ for judgment enforcement:
The debtor can cooperate and satisfy the judgment;
Judgment Collection Specialists will seize and/or liquidate all available assets; or
The debtor can offer a payment plan or settlement. (Judgment Collection Specialists will communicate to you the proposed terms but retains rights to accept or decline any offers)
You will get paid directly from Judgment Collection Specialists.Once proceeds from a judgement recovery are received in our office, you will receive a check for your percentage as listed in the Agreement for Assignment.