Free Articles  >>  Legal >>  Page 287  >> 

Getting Paid

This is my opinion and a summary of what I have learned and observed. I am not a lawyer.

The best way to get paid in full is to be paid up front. Often this lesson drives home after one gets burned. Loaning money is risky. This means do the due diligence. Do not loan money to any entity unless there is collateral for the loan that is secured and carefully verified. It means do not work for someone way behind in paying you. It means don't pay too much up front for work in progress.

Many people spend too much time chasing or "dancing" with those who owe them money. Give everyone a chance or three, but quickly determine when enough is enough. It is better to spend time taking action, instead of wasting endless cycles of words, excuses, and failures to actually pay you.

Get everything in writing, try to include attorney fees for the winning party, and specify the venue (location) of any lawsuits.

A contract is no stronger than the weaker of the two sides signing. If someone burns you, and you sue them, you will be glad you can show their signature to a judge. But should you sue them?

If the amount owed is less than, or near the Small Claims court's limit, and you can get the debtor served, sue them.

If the debt is much more than the limit of small claims court, you must think - am I throwing good money in after bad. If the debtor is broke, and is likely to stay broke, perhaps it's better to write it off, as not being worth suing them.

If the debtor has assets and you can afford an attorney, go for it. Like a construction project, lawsuits take far longer and cost far more than they should.

Also getting a judgment is not usually the same as getting paid. The Judgment is just a piece of paper saying your entitled to be repaid, not a way to get paid. If you are dealing with a scoundrel debtor, you (or your attorney) can go nuts trying to find the debtor's assets. If the debtor files for bankruptcy or you cannot find assets, you probably won't get anything.

If you sue, remember it is hard to collect. Plan for it to cost you 50% to recover your money. (When the debtor has assets, perhaps 33%.) So, consider trying to settle with the debtor if you can. Compromise is common. Be aware that some debtors use the bankruptcy system to stop lawsuits from proceeding.

Most people find a Judgment Enforcer to recover their judgment, but you can try first to enforce it yourself. Judgment Enforcer's are professionals, with the art of persuasion and familiarity with debt collections laws. Debtors are more likely to pay them than you.

About Author Mark Shapiro :

Mark D. Shapiro - - Judgment Enforcement Catalyst. V: 888-831-4350, Fax: 206-267-9857. - is a must-read for everyone involved with Judgments.

Article Source:
Article Url:

Article Added on Tuesday, August 17, 2010
Other Articles by Mark Shapiro

Faster Judgment Collection
Debtors usually do not voluntarily repay court judgments. The legal ways to make a debtor repay court judgments are complex and expensive. For this reason, many judgment owners look for a Judgment Enforcer. A Judgment Enforcer is a professional, company, or attorney that convinces, persuades, or (through courts and sheriffs), takes the assets belonging to a debtor, to make cash available to repay the original judgment owner. Because of the work and expense required to recover money on a...

Substitution Of Attorney
I am not a lawyer. This is my opinion and a summary of what I have learned and observed. If you need legal advice, contact a lawyer. When you purchase a Judgment, you can either hire a lawyer to represent you in court or you can (much more likely) represent yourself Pro Se (also known as Pro Per, meaning without a lawyer representing you.) The reason you can represent yourself in court is the Sixth Amendment of the U.S. Constitution. In addition to guaranteeing a trial by jury, it provides...

Cash Up Front Judgment Sales
Copyright (c) 2014 Mark Shapiro The truth about judgments is their worth depends only on the debtor. A million dollar judgment might fetch $20 cash upfront, a $4000 one might be worth $1000. One of my many judgment articles: I'm a Judgment referral expert, not a lawyer. This article is my opinion, please consult with an attorney if you require legal advice. The most popular (by far) enforcement option is to use a future pay enforcement (recovery) expert. The average future pay percentage the...

Contingency Attorneys
I am not an attorney, I am a judgment referral expert (Judgment Broker). When you hire a contingency attorney, it means at least some of the lawyer's fees will be taken from the eventual payment from the defendant/judgment debtor. Whenever you ask an attorney to work for you on a contingency basis, you are asking them to take a financial risk. If your case is not won, or the judgment is not recovered, the lawyer might get nothing. In all cases, a contingency lawyer will consider the available...

Dealing With Turnip Judgments
As of 2014, the majority of civil judgments are never paid off; as the judgment debtors have insufficient available assets. Most judgment creditors are way too optimistic on the long or short worth of their judgments. This article is my opinion and is not, a legal opinion. I'm a judgment expert, and not a lawyer.When you want a strategy to use or legal advice, please contact a lawyer. If you are trying to recover somebody else's judgment, how do you deal with lemon judgments? Nobody knows...

Judgment collections in California
This is my opinion and a summary of what I have learned and observed. If you need legal advice, contact a lawyer, as I am not a lawyer. As this is a summary of how to enforce a judgment in California, let me start with three links for more information: elfrep09/ materials/smallclaims/collecting.pdf ary/5.html...

What Judgment Brokers Do
Judgment Brokers help everyone in the judgment enforcement business, including original judgment creditors, judgment enforcers, and judgment lead finders. They are catalysts to help everyone get paid faster. There are millions of judgments and many thousands of judgment buyers and recovery specialists, so why is a Judgment Broker needed? The first reason a JB is needed is that unlike fungible instruments such as money or gold, a judgment's value depends on many things including the debtor...

Georgia Judgments How to Enforce
This is my opinion and a summary of what I have learned and observed. If you need legal advice, contact a lawyer because I am not a lawyer. Because this is a summary of how to enforce a judgment in Georgia, let me start with a link for more information: (See Title 18, it covers judgment enforcement laws.) A judgment is a final order of the court, signed by a judge or a commissioner that specifies a cash amount owed. The courts have no way to help...

What Does Future Payment Mean
I am not a lawyer, I am a judgment referral expert (Judgment Broker). This article covers the future-pay concept on civil money judgments. Future-pay means you get paid later, after money is recovered, instead of cash up-front now. Every judgment, is only a piece of paper until available assets are found, and the judgment is successfully and eventually enforced. If the debtor has lots of available assets, you will probably get some money back quickly, however nobody can or should guarantee...

How Do I Collect On a Judgment
Finally, you won your judgment. Now, it's time to get your money. You asked the debtor to repay you, and they laughed. Now What? What to do with your judgment? Your choices are to enforce the judgment yourself, hire a collections lawyer, use a collection agency, or have a judgment enforcer collect your judgment. Judgment enforcement requires too much paper, and costs way too much. When one owns a judgment, they are responsible for keeping it renewed, monitoring the debtor, and trying to...

Click here to see More Articles by Mark Shapiro
Publishers / Webmasters
Article ID: 254045
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

216 Users Online!!
Related Articles:
Latest Articles:
Legal >> Top 50 Articles on Legal
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Business eMail Provided By AwareIndia

Company IDS