Judgment
Recovery Explained
Q.) How do I
make money in judgment recovery?
A.)
You make money by contacting judgment holders and offering
to collect their judgment for them. Judgments are
assignable, meaning they can be bought and sold similar to other negotiable instruments.
Once a judgment is assigned to
you, then have the same legal rights
as the original judgment holder. This allows you to
use the court system to
enforce
collection of the judgment.
Q.)
I've read that the court system doesn't exactly help the
judgment holder collect their judgment. If so, how can I use the
court to enforce the judgment if they offer no assistance?
A.) Yes, it's true. The
court does not assist the judgment holder in
collecting their judgment per say. The court house is by no
means a collection agency. However, if you know
where the debtors assets are located or where he works it's
an entirely different story.
Once this information is
discovered you can enlist the service of the court to
garnish the debtor's wages and
other assets that have been discovered.
Q.) How can I get the
court to enforce the judgment once I know where the debtor
works or where his assets are located?
A.) This is actually the
easy part. For example, once you've verified
where the debtor is working or where he banks you instruct
the levying officer at the court house (sheriff, marshal,
constable etc.) to garnish the debtors wages and
assets.
Q.) If this is so easy,
why doesn't the original judgment holder do it himself?
A.) Herein lies the
reason why over 80% of all judgments are never
collected. The average judgment holder has no idea
how to locate the debtors assets or place of employment.
Without this information, there's virtually no way to
effectively enforce a judgment.
Q.) Why doesn't the judgment
holder hire an attorney to collect the judgment for him.
A.) The cost is prohibitive.
Most attorney's charge a large upfront retainer, plus
additional fees depending on the case.
Q.) Okay, so how do you
locate the debtor, his assets and place of employment?
A.) Finding a debtor and
his assets is a skill called skip-tracing. It
involves researching and leveraging specific
databases to gain the information. With the advent of the
internet with it's free resources and
instant information, skip-tracing is much
easier now than it was just a few years ago. In my
course on
judgment recovery I explain step-by-step how to use the
internet and other resources to locate assets.
Q.) On average how much
can you realistically earn in 1 year processing judgments?
A.) It depends. Doesn't
everything? But if you enjoy online research and are
good at 'thinking outside the box', you'd probably do very
well in judgment recovery. However, there's no way I can accurately
predict how much you can earn. Still, I do know several
people earning a strong six figure income working
from home in this fascinating profession.
Q.) Do I ever have to
meet the debtor in order to enforce the judgment?
A.) No you don't. There's
no need. You're not operating a collection agency. There's
no need to call or write to the debtor. You simply locate the
debtors assets and place of employment. Once you've
accomplished this, you then instruct the levying officer to
garnish the assets.
Q.) What's the most
difficult aspect of the business?
A.) Every case is unique.
The most important thing to remember is that not all judgments
are collectible. Some judgment debtors are very savvy
and have taken extreme measures to become judgment proof.
Other's just don't have anything to garnish or levy.
It's your job to pursue
judgments with the highest probability of being collectible.
That's the biggest challenge. The good news is that it's
not
a difficult one to master. In my course
"How To
Make A Fortune Processing Judicial Judgments" I explain
from A to Z how to make a phenomenal income in this
fascinating business.
Q.) How can I tell for
sure if judgment recovery is the right work at home business
for me.
A.) The best way to
determine if you and judgment recovery are a good match is simply
to take my free training course. Just complete the
form below and download "The
Confidential Judgment Recovery Intelligence
Manuscript". Once you've taken my free training
course, you'll know for sure if judgment recovery is right
for you.
All the best,
Lance Shapiro
Legal Revenue Service
Legal Revenue Service,