Why The Need For Judgment Recovery Is So Great.

Did 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 lawsuit.

 

However, what most people don't realize is that winning the judgment is only half the battle. The hard part is collecting the money. You see, even when a judgment is awarded, it's still up to the plaintiff to recover his money. Here's why:

 

Immediately after the judgment is awarded 80% of the defendants either go into seclusion or flat out refuse to pay. It's then up to the winner of the lawsuit to locate the defendant and his assets.

 

The good news is that once the defendant's assets are located, the court system can then be utilized to seize 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) include:

• 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 accounts.
  
  
• 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 the it.
  
  
• 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.
  
  
• Security Deposits -- 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 A Fortune Processing Judicial Judgments.
  
  
• 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.

So you're probably thinking "Okay, all that sounds great, but how can I make money in judgment recovery?" Excellent question. You can find the answer by signing up for my free judgment recovery training course.

 

All the best,

Lance Shapiro
Legal Revenue Service

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