Collecting on a judgment

[HRodTroy]

I was awarded a judgment today and the judge said something about thirty days. I couldn't quite understand what he said. My questions are; How do I go about collecting this judgment? What can I do to prepare for day thirty-one? Can I collect if I return to my home state, and how?

 

[army judge]

I was awarded a judgment today and the judge said something about thirty days. I couldn't quite understand what he said. My questions are; How do I go about collecting this judgment? What can I do to prepare for day thirty-one? Can I collect if I return to my home state, and how?

isn't easy to use

You will soon learn that a judgment is a fancy piece of toilet paper, except its harder to use for that purpose than to collect the darn thing.

Nevertheless, here's how you can TRY to enforce that judgment yourself:

http://www.courts.ca.gov/1014.htm

If you pay someone, they'll TRY to collect it for you:
http://www.losangelescollector.com/
http://collectionagencyservice.com/squeeze/
http://www.yjscollects.com/?gclid=CIKZ3ebq67UCFdSmPAodbRIAbA

I am NOT endorsing the above companies.
I point them out as ILLUSTRATIVE of what some people do to collect judgments.
Be advised, nothing is guaranteed.

You'll soon learn why MOST of these judgments are useless.

 

[Betty3]

Agree with army judge - getting the judgment is the "easy" part. Collecting the judgment is a different story.

 

[HRodTroy]

I agree the paper is best suited for TP. Are there any provisions for recouping the money I will have to pay for enforcement?

 

[army judge]

I agree the paper is best suited for TP. Are there any provisions for recouping the money I will have to pay for enforcement?

Nope, you have to spend more good money to chase bad money.

 

[Natey]

If the judgment is large, it may be possible to consign the judgment to a collection agency, instead if paying them to try and collect.
They may request 50% or more of any amount they collect.
Be sure to set a time limit (they may not agree to this) before the consignment expires. Maybe 2 years max? Then try someone else.

A collection agency might even offer to buy the judgment outright from you (unlikely though).

 

[Betty3]

Generally if a collection agcy. buys a judgment, it's pennies on the dollar.