subject: You Can Recover Your Own Judgment [print this page] I am not an attorney, I am the judgment broker. This article is my opinion, and is not legal advice, based on my experiences in California. If you ever need legal advice or a strategy to use, you should contact an attorney.
When you use a qualified judgment recovery specialist, most typically keep about half of every dollar they recover. Many take expenses off the total, meaning one may receive less than half of what is enforced. If the judgment debtor looks difficult, one might need to pay more, when your judgment looks easy, might to have to pay less.
It's likely that one can collect their own judgment, although everything depends on your judgment debtor. One does not have to be a collection attorney or work in the debt collection business to attempt to recover one's judgment money.
The benefit of recovering your judgment yourself is that you get to keep one hundred percent whatever you net from the potential recovery of the judgment. You don't have to share any possible collection with a professional judgment enforcement expert.
It's true that recovering judgments is not trivial, and you must spend money at every turn. You need to follow lots of laws, rules, and procedures. Be patient, and understand that not everything will work, or work the first time.
As with most other big tasks, judgment enforcement is one percent inspiration and 99% perspiration. As long as your debtor has some assets available, you could be included in the 10% that recovers something on your judgment, rather than of the 99% of judgment owners who never collect a dollar from their judgment.
You must learn the laws about judgment recovery, and comply with them, or one may perhaps get into trouble and waste money. To enforce your judgment, you need to investigate and read the procedures needed. The judgment owners who win are the judgment owners who prepare and learn what is required. When you can, make judgment recovery fun, and education is one key to winning in this game.
Nothing ventured, nothing gained comes to mind in judgment enforcement. What have you got to lose by trying? If a debtor files for bankruptcy, whatever you spent will likely be lost. One cannot force honey out of a rock, and you should not waste money for hopelessly broke judgment debtors.
When your debtor has, or can get enough assets to settle or repay the judgment, you might get the thrill and satisfaction of recovering your money. Whether you need the money or not, the court said you should get it. If you get tired of spending money, or do not make progress, it is easy to find a judgment recovery specialist. Best of luck!
