Successful Judgment Enforcement Recovery Strategy
After having been awarded a judgment enforcement recovery in your favor, what should be your next
move?
HFG advises waiting till the end of your appeal period before taking any action.
After the issuance of a favorable judgment, debtors are given a specified period for filing their
appeals. Deciding to initiate early efforts for your collection only leads to a waste of money, time
and energy. Debtors don’t need to make any payments during this period. Check with us for updates on
the laws of your State, the relevant process for your judgment appeal and its duration.
Getting the judgment lien at the earliest
HFG can search if the judgment debtor has any real estate in their own name. Should that be so, it’s
necessary to ensure that you file your judgment lien at that county by recording the judgment at the
real estate’s location. That ensures your receiving the payment first should that property be put up
for sale. It secures your right for collection if the judgment debtor files for bankruptcy.
Solicit, but never disclose
In some cases, if you politely request your debtor to pay, they may go ahead and do just that.
Nevertheless, be very cautious. Solicit, but never disclose. You should ask them for the payment,
but don’t disclose your strategy, in case of non-compliance. You would not want them to get wiser to
your other collection options, and perhaps even block those before you decide to act. If their
nerves fail, some debtors may cleverly go into hiding and transfer their assets to elude your plans.
However, be very watchful that your debtors don’t feel threatened or intimidated by you.
Verify your judgment recovery options
Varied tools and methods for judgment recovery includes skip-tracing, asset searches, bank levies,
wage garnishment and personally owned property liens. Talk to our judgment recovery professionals
for expert advice on the laws of your State and other details.
Locating Assets
Assets that are easiest to locate are employee wages, bank accounts, real estate and vehicles.
The easiest assets to find are bank accounts, employee wages, vehicles and real estate. Our team of
judgment recovery specialists can help you carry out an asset search to locate any assets that the
debtor owns. Our lawyers and judgment recovery specialists can help you file for a debtor
examination that permits you asking them about any assets that they may own and the location.
We can help you
By hiring our professional judgment recovery experts you will save yourself the agony of attempting
to figure out everything on your own. Majority of debtors don’t pay willingly. Hence, your judgment
remains unsettled for years before finally expiring. Harrison Financial Group is ready to take your
judgment on, locate the debtor and their assets, and execute your collection through its best legal
minds and resources. The most satisfying factor here is that we don’t get any payment unless you
receive yours first, as the entire process is commission based.
Judgment renewal
The law of your State governs procedures for judgments and liens. Generally, judgments expire upon
the completion of a preset period of years, varying from one State to the other. Make sure that you
renew each judgment and lien prior to its expiry. By hiring HFG, you are assured that all your
necessary renewals will be accordingly filed, within due dates.
Be prepared to last out the long kill time
There’s a constant change in the lives of people. An unemployed debtor who does not own a single
asset today may in a short span of some years suddenly find himself landed with a fabulous job and
the entitlement to a new home. Keep such changes in mind as these can be the difference between
whether you get your money back or not. That’s another good reason for hiring HFG as your
professional advisor and support. As a judgment recovery expert, we ensure that the assets of your
debtor are automatically monitored, on a regular basis. Keeping a regular track of your debtor’s
activities may prove to be the talisman for your success, in due course.
For inquires regarding the most suited strategies for the collection of your judgment enforcement,
please Call Us: (212) 381-6122