Why The Need For Judgment Recovery
Is So Immense.
you know everyday thousands
of money judgments are filed in
court houses throughout the United
States? A money judgment is no
ordinary debt. It's a legal order to
pay a specific dollar amount handed
down in a court of law.
In most cases a money judgment is
the result of one party (Plaintiff)
filing a lawsuit against another
party (Defendant), to recover
monetary damages. The damages can
range from a broken promissory note
to a broken window. Today it seems
any dispute is fair game for a
However, what most people don't
realize is that winning the judgment
is only half
the battle. The
part is collecting the money. You
see, even when a judgment is
awarded, it's still up to the
plaintiff to recover his money.
Immediately after the judgment is
awarded 80% of the defendants either
go into seclusion or flat out
to pay. It's then up to the winner
of the lawsuit to locate the
defendant and his assets.
good news is that once the
defendant's assets are located, the
court system can
be utilized to
the assets and pay the debt.
Obviously then the key to success is
knowing how to find the defendant
and his assets.
Some of the items of value that can
be easily attached (legally seized)
Bank Accounts -- Seizing
bank accounts are a fast and
effective way to collect
judgments. How To Make A Fortune
Processing Judicial Judgments
explains in depth how to
locate and levy banks
Real Estate -- Filing a
lien against property owned by a
judgment debtor is an excellent
method to enforce a judgment.
When the debtor sells or
refinances the property, you as
lien holder, will receive
payment for your claim against
Wage Garnishments -- Here
we're talking about multiple
streams of income. Imagine
establishing 10, 15, 20, or
even 25 wage garnishments...
all paying you each month.
-- If your debtor is an
apartment dweller, more than
likely he's has a security
deposit with the apartment
company. This can also be levied
to enforce the enforce
collection of the judgment.
Automobiles -- In most
states if a judgment debtor owns
more than on car you can
repossess the other car(s) to
satisfy the judgment.
Business Income -- Here,
your judgment debtor has a store
front and is doing business
directly with the public. In
this situation, you hire the
sheriff to physically go into
the business and take the
money at the close of
business. This tactic works like
a Rolex to motivate business
debtors to satisfy their debt.
Payments Received From 3rd
Parties -- In this example
you're judgment debtor owns
rental property. As a judgment
holder you can intercept the
rental payments to enforce
collection of the judgment.
There are other payments from
3rd parties that can be
garnished as well. They're all
explained in How To Make Real
Money In The Judgment Recovery
Tax Refunds -- Tax
refunds are also assets that may
be seized to satisfy a judgment
debt. Both state and federal tax
refunds can be garnished.
you're probably thinking "Okay, all
that sounds great,
but how can I make
in judgment recovery?" Excellent
question. You can find the answer by
signing up for my free judgment
recovery training course.
All the best,
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