subject: Outsourcing And Judgment Recovery [print this page] The universe of judgment enforcement depends on outsourcing. Anyone owning or buying judgments must attempt to sell, recover, or settle it, to collect any cash for the judgment. Everyone recovering judgments, including "Do-it-yourself" judgment owners collecting their own judgment, needs the help of courts and Sheriffs and/or registered process servers.
Often judgment enforcement also means hiring attorneys, a notary, and perhaps a private investigator. Judgment recovery is not guaranteed, and any time or money spent attempting to collect judgments, could be cash into the drain. When you plan on outsourcing a judgment to a judgment enforcer or buyer, or a recovery attorney; a free judgment broker will save a lot of time for you, and find you the right experts.
This article is my opinion, and not legal advice. I'm a judgment referral expert, and not an attorney. If you ever want legal advice or a strategy to use, you should contact a lawyer. There are four basic choices as one outsources a judgment:
1) Enforcing your own judgment: You pay for and manage for everything and outsource with Sheriffs, courts, process servers, notaries, and perhaps other professional experts, perhaps including a lawyer or a paralegal to create motions or other legal documents. You might have to pay a private investigator to find the debtor and their assets. A little bit of consultation may be all you require, to get over a little snag in your judgment collection project.
2) Selling a judgment for cash up-front: Judgments usually sell cash upfront for a very small percentage of their face value. Your only outsourcing will be to the judgment buyer and a notary, because you have to assign the judgment to a judgment buyer.
3) Retaining a lawyer either by the hour, or with a contingency basis (charging you 35-50% of what is collected on average) to try to recover your judgment. The only outsources will be to an attorney. Attorneys only accept the strongest judgments for collection with contingency.
4) Assigning judgments to a judgment enforcer, who will try to enforce your judgment on a future-pay contingency (charging you half of what is collected on average) paying you when money is collected. Judgment recovery specialists will take many judgments on a contingency basis that attorneys will not accept on a contingency basis. The only outsourcing will be to the judgment recovery specialist and a notary, as you need to assign your judgment to the enforcer.
If you want your judgment collected, you always need to outsource it in some way or another. Sometimes you can recover a judgment yourself. If you do not succeed, you can usually find an expert to help you collect the judgment. Don't hesitate to get help when it makes sense for your judgment situation.
