Who Can Recover My Judgment?

In most jurisdictions, judgments can be sold to, and enforced by, everyone that says they are a judgment enforcer or a judgment buyer. In certain jurisdictions, only a lawyer or a collection agency may recover judgments for someone else. When someone wants to purchase or recover your judgment, make certain doing that is permitted in your state. Who might enforce your judgment? Your choices are attorneys, judgment assignees, collection agencies, or yourself.

When an attorney recovers your judgment, that is legal in all states. Lawyers will require you to sign their retainer agreement, and then will try to collect the judgment on your behalf, and you retain ownership of your judgment.

If your judgment amount is large and your judgment debtor has lots of assets, it is easy to find a contingency lawyer, and most charge about 1/3 of what they recover. In some states, even when you hire a contingency attorney, one still has to pay all court-related expenses.

When your debtor does not seem to have assets, it can be hard to find a contingency collection lawyer, and if you do retain one, they will probably charge 50% of whatever they collect.

Usually, when your judgment does not look easy to collect, attorneys will require you to pay all the expenses, and pay by the hour, to try to recover your judgment. With average judgments, most lawyers require that you pay them a retainer, any costs, and then by the hour, usually ranging from $125 to $475 per hour. For all judgment enforcement actions and expenses, including paying a lawyer, there are no refunds even if no money is recovered.

If a collection agency tries to recover your judgment, that's is legal in almost every jurisdiction. Collection agencies will require you to sign their paperwork, and then attempt to collect a judgment on your behalf, and you retain ownership of your judgment. Most collection agencies have few recovery strategies they may legally use to try to collect a judgment. Collection agencies are often known for only writing collection letters, calling, and threatening to put a judgment on the judgment debtor's credit report. Most collection agencies do not successfully recover judgments.

If a judgment assignee (known as a judgment enforcer) tries to recover a judgment they bought from you, that's legal in most states. Most often, judgment assignees charge you nothing out of pocket, and pay you when any of the debtor's money gets collected. With typical judgments, usually you get paid an average of 50% of what's enforced, after it is collected. Certain judgment recovery specialist purchase a judgment outright (for cash upfront) for a small percentage of your judgment's face value.

If one assigns your judgment to a judgment recovery specialist, you don't own it any longer. You no longer have any claim about if or how your judgment will be enforced, as you have sold and outsourced the judgment. It's important to choose a judgment recovery specialist carefully, a referred one is a good idea. Many people complain if judgment enforcers get no results, however often the reason they are slow is that a judgment debtor hasn't any available assets. Judgment recovery specialists only get paid for a successful recovery.

When you want to try to enforce a judgment by yourself, that is legal in nearly all states. You do all the work and spend all the time and money. When you are successful, you can keep what is left after the expenses. The downside of recovering a judgment by yourself is, you must spend and study with no guarantee of success, and learn a lot about things you may not ever repeat again. The best part is, if you get tired of spending money or frustrated; as long as your judgment is still valid, you can then decide to choose a judgment enforcer to try to enforce your judgment.

http://www.JudgmentBuy.com - Judgment Recovery. The free, easiest, best, and fastest chance to recover some judgment money. Mark Shapiro, the judgment matchmaker. We have the best free judgment referral leads for judgment buyers, judgment enforcers, and contingency collection attorneys.

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