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Post Judgment Scenarios







What happens after you win your judgment? Most often, not much happens for several reasons, starting with the economy. While the majority of judgments never get recovered, there are several good things that may happen after you win your judgment:

1) The debtor might pay you off completely, or nearly in full, when you win the judgment. Or, the debtor might repay you in full when time period; especially soon after they see, via legal court actions, when there are serious attempts being made to collect the judgment.

2) The judgment is settled for some amount between 1% and 99%, usually ranging from 10% and 61% of the amount owed. Settling may happen quickly, or after many years. Settlement offers that originate from judgment debtors, don't always end up with a judgment creditor being repaid.

3) Your debtor has some available assets, and someone else or you quickly collects some money for your judgment. Quickly usually means within about a year.

4) Your judgment debtor or their estate, eventually comes into some assets, and you or someone else eventually recovers some money on your judgment. Eventually might mean liens are properly maintained and recorded, and there's equity in property your debtor inherits in their potentially distant future, or the debtor has good fortune in the future.

My articles are my opinions and are not, legal advice. I'm a judgment referral expert, and not a lawyer. If you ever need a strategy to use or legal advice, you should contact an attorney. Often, nothing (that collects any money for you) happens when win a judgment, for reasons such as:

1) The debtor is, or later poor or broke, or hasn't any discoverable assets, which makes judgment enforcement tough at best. Usually, money spent on broke debtors is wasted, or gets just modest results.

2) The debtor goes bankrupt, loses their available assets, dies, or hides and/or moves. At worst, these can make judgment enforcement impossible. At best, they increase the expense and hassles to enforce judgments.

3) You let your judgment expire. This may be intentional, if you think there is not any reason to renew your judgment; or accidentally, if the creditor can't or forgets renew your judgment before it expires.

4) You do nothing with the judgment, or do not try to enforce your judgment, or are unwilling to have someone else attempt to enforce it, in exchange for a large portion of what may get recovered. Judgments do not enforce themselves. Most often, somebody must invest time and money to recover any money on a judgment. Most judgment owners are lucky to get any money back from a judgment.


About Author Mark Shapiro :

Don't assign your judgment, please visit the constantly improving site: <a href="http://www.JudgmentBuy.com" target="_blank">http://www.JudgmentBuy.com</a> - Judgment Enforcement. The free, easiest, fastest, smartest, and best way to recover your judgment money nationwide for 33% or less, worldwide for 50% (Mark D. Shapiro)


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Article Added on Sunday, May 19, 2013
LD
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