Judgment Recovery home
Make up to $75 An Hour Working
Working From Home as a Small Claims
Judgement Recovery Processor
(more if you scale your judgment recovery business operation to larger cases from civil court)
What is judgment recovery?
Small claims judgments and larger civil judgments are enforced with the same legal procedures. As a judgment recovery professional, you will want to focus on small claims judgments. Go after judgements of less than $10,000. Work is easy to get.
Your Typical Customers:
• Construction contractors
• Paint contractors
• Automobile dealerships
• and more…
Small business owners like grocers, landlords, mechanics, contractors, automobile dealers, and medical professionals usually have multiple unrecovered judgments. All of that business will come to you! Even paralegals and lawyers will entrust their judgment recovery cases to you. Why? Because you are a specialist, and you know how to get results.
In a lawsuit, there are two parties involved: the plaintiff, which is the person(s) or entity bringing the case to court, and the defendant, which is the person(s) or entity who stands accused. Typically, the plaintiff brings charges against the defendant in an attempt to collect damages. Financial, property, and emotional damages are assessed and the plaintiff sues for that amount.
If the defendant wins the case, the charges are dropped, and no money is owed. If the defendant loses the case, he or she is sometimes ordered to pay the plaintiff a particular amount of money. In some cases, the full amount as stipulated by the plaintiff, including court costs and various fees, is required.
At this point, the case is out of the judge’s hands, and the plaintiff becomes the judgment creditor. The defendant ordered to pay is known as the judgment debtor. The judge has determined that the plaintiff is due monetary compensation, but the responsibility of collecting on that judgment becomes that of the judgment creditor. The judgment is made official when the judge files two forms. The first, called the Entry of Judgment, will be filed with the case in the court where the judgment took place. The second, the Notice of Entry of Judgment, is a detailed account of the judgment, including the judge’s official decision and specifics about who owes whom what.
The Notice of Entry of Judgment is mailed to all parties involved in the case. Generally, the debtor has thirty days after the judgment to pay the creditor, attempt to have the judgment thrown out, or file an appeal with a higher court. If the debtor does not dispute the judgment, and the payment is made, the case is closed and the parties go their separate ways. More often than not, the payment is not made, and an appeal is not filed. The debtor is now delinquent and the creditor must find a way to recover the money. Eighty percent of small claims cases end in this way.
A fee of 50% of the judgment is standard. You get 50% of the judgment for every assignment, plus charge for accured interest + all expenses
When a debtor ignores a judgment, the creditor must take steps to claim the money. So what can judgment creditors do?
The court system offers no recourse; once the judge makes a decision, the court has no further responsibility. Some creditors turn to attorneys, but very few lawyers are in the business of judgment recovery. Those who are willing to work on small claims recovery cases will only attempt cases worth a certain dollar amount and require retainer fees to be paid up front. Occasionally, a creditor has enough knowledge to submit a writ of execution and attempt to seize assets. But locating a debtor’s assets is almost impossible! Obviously, this leaves very few options for the judgment creditor.
The judgment debtor counts on the creditor having difficulty. Debtors know that there is very little a creditor can do on his or her own to claim that money. They know that, in time, creditors will give up and forget. That is, unless they have a judgment recovery professional on their side.
When a creditor faces this unfortunate situation, a recovery specialist is the perfect solution. As a judgment holder, the creditor has a right to assign the enforcement of the judgment to someone else. Here’s how the process works for the recovery specialist (that’s you!): when you identify a case, you send a letter to the creditor explaining your
service. You will offer to purchase the judgment outright, or will accept a percentage of the judgment once recovered.
You will discuss the details of the case, come to an agreement, and then get to work recovering the money. Imagine the potential opportunities. After a few cases, your services will have gained a solid reputation. Individuals in the community who have given up on their judgments will come to you for help.
In most states, judgments are good for ten years. If a deadline appoaches, a renewal can will extend the period of time that the judgement will be valid and recoverable
Here’s a general process overview for a typical judgment recovery case:
1. The judgment creditor is contacted via letter.
2. The judgment creditor contacts your service, and you negotiate a contingency fee and plan to send out written contracts for signing.
3. Once contracts are returned, you file an Acknowledgement of Assignment of Judgment with the court where the judgment took place.
4. As the new judgment holder, you begin to locate the debtor and identify assets.
5. Decide which action is necessary to recover the judgment. For example, bank levy, garnishment, etc.
6. Research your procedure to make sure you comply with the court’s rules.
7. File necessary forms to notify court of judgment enforcement and increase the judgment amount to cover your fees.
8. Direct a levying officer to seize assets.
9. The levying officer will turn over the levied assets to you.
10. After deducting any incurred fees, you take your agreed upon percentage of the judgment and give the rest to the creditor. (Enforcement costs will eventually be paid by the debtor, after a court petition.)
11. Once the judgment is paid in full, a Notice of Satisfaction of Judgment is filed with the court.
The Freedom of Information Act gives every citizen the right to view public records. After some experience, you will develop a standard procedure. Your routine will consist of several effective skip-tracing methods, and will be easily adjusted to fit the circumstances of any particular case.
Order for Examination And/Or Interrogatories
This document is used to secure an interview with the debtor. An Order for Examination allows you to examine the debtor in person. An Order for Interrogatories is used to interrogate the debtor by mail. You should use this option if the debtor lives too far away (usually 100 miles or more) to be compelled to come to court. The debtor will fill out the form under oath.
File the examination request form with the court clerk, who will schedule a hearing for you and the debtor. The debtor will be served with a notice. Should the debtor choose not to attend, he or she will be held in contempt of court, and a Bench Warrant or Body Attachment may be issued for his or her arrest.
The hearing will give you an opportunity to ask the debtor questions about his or her employment, bank accounts, real and personal property, third parties, and other assets. The debtor will have to answer under oath, and you can instruct the debtor via a Turn Over Order to give you any money on his or her person at the time. The judge is there as an impartial observer, but the bailiff will help you obtain the money.
You can also examine the debtor’s spouse, employer, family members, etc.
Here is a list of the data you should collect during the hearing or in your Order of Interrogatories:
Illegal Law Practice
You might encounter a lawyer who contends that you are practicing law without a license. This is likely an attempt to intimidate you, and is total bunk.
You are acting on your own behalf to enforce a judgment that has been assigned to you. Also, you are working in complete accordance with the law. Ignore any claims that you are breaking the law.
1. Date of examination
3. Full name of debtor
4. Debtor’s social security number
5. Driver’s license number
6. Birth date
7. Birth place
8. Year of marriage
9. State in which marriage took place
10. Maiden name if applicable
11. Current address and phone number
12. Employer’s name, address, and phone number
13. Method of compensation and amount
14. Spouse’s occupation
15. Spouse’s employer’s name, address, and phone number
16. Spouse’s method of compensation and amount
17. Bank name, address, phone number
18. Checking account number
19. Savings account number
20. Current approximate balance of each account
21. Business account numbers
22. Account numbers for any other banking institutions includingcredit unions, thrift clubs, stock clubs, etc.
23. Any stocks or bonds owned by the debtor and/or spouse, and/or held by a third party
24. Cash value of all insurance policies
25. Any property disposed of after receipt of the Order of Examination, including the name, address, and phone number for every recipient of said property
26. Name, address, and phone number of any person holding property or money for the debtor or spouse
27. Mortgages on any real or personal property
28. Promissory notes held by debtor or spouse
29. Any patents, copyrights, or trademarks held by debtor or spouse
30. Any interest held by the debtor or spouse in the estate of a person dead or living
31. Any interest held by the debtor or spouse in a business
32. Any interest in real property
33. Details including location, value, and mortgages of said property
34. Any contracts from which the debtor or spouse expects to receive money or benefits
35. Any items in pawn or mortgage
36. Any personal property, including electronics, appliances, computers, guns, and photography equipment owned by the debtor or spouse
37. Any assets in the form of collections, valuable pets, livestock, etc.
38. Year, make, and model of any vehicles, including boats, motorcycles trailers, airplanes, RV’s, etc.
39. Any and all other assets owned by the debtor or spouse
40. Bankruptcy records, including chapter and date
2. Type of business (corporation, partnership, limited partnership, proprietorship)
3. Owners’ names, addresses, and phone numbers
4. Vehicles owned by business, including plate numbers
5. Principle assets of business
6. All bank account information, including account numbers, balances, and the name, address, and phone number of the institution
7. Location and key for safety deposit box
8. Date of employee payroll
9. Number of employees
10. Branches or multiple locations of business
11. Any assets not located at the physical location of the business, including stocks, bonds, patents, copyright, investments, etc.
12. Names, addresses, and phone numbers for the individuals or locations where said assets are held
13. Any joint ventures with other people or companies
14. Name, address, and phone number of accountant
15. Any ongoing litigation, including case number, court, amount in question, and the names, addresses, and phone numbers for the parties involved
16. Bankruptcy records
17. List of principle customers
18. Suggested means to satisfy judgment
Quality of Judgments
The quality of the judgments you accept determines how much you will make. We show you which judgements to avoid and what to look for to maximize your time and effort spent.
Here Is Exactly What I Am Offering You Today. Course Includes:
Professional Judgment Recovery & Small Claims Processing Course ... ($297 + Value)
Step-By-Step instructions on how to set up the business and start off running.
Invaluable ins and outs for making this business work. All the methods, advice and tactics you'll need to fast-track this business. You discover how to set up your business and learn how to go about marketing your business to a huge population of potential clients.
All the pre-written forms, letters, customer contracts you'll ever need to do business ($99 + Value)
Invaluable Cover Letter and Agreement Form, Advisor/Agency Authorization Form, Sample Solicitation Letters, Advertising Mock-Ups, Purchase Agreements, Writ of Execution, Assignment Order, Debtor Profile Sheets, Earnings Withholding Order, Memorandum of Costs, Final Judgment Recovery Letter, Instructions To Levying Officer Form, Community Property Assignment Form
PLUS: Smart office resources database for locating a debtor. In most states, judgments are good for ten years. Accumulated assets are ripe for allocation using smart office resources.
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