Do Not Choose A Flakey Judgment Recovery Specialist

I'm not a lawyer, I am a judgment expert. This article is my opinion, and not legal advice. If you ever need any legal advice, you should contact an attorney.

Two big problems with judgments, are that most judgments are weak; and some judgment buyers and enforcers are weak. Judgment owners should be careful when they select the right enforcement solution for their particular judgment.

These are a few factors that could suggest an enforceable judgment:

1) Challenged, where a debtor showed up at court. Default judgments are weaker, as our laws provides default judgment debtors benefits. For example, the legal system makes default judgments harder to domesticate into some states, and default judgments can be subject to motions to set them aside.

2) The correct size. Judgments less than about $5,000 are not as appealing to judgment enforcers, and appeal to very few contingency collection attorneys.

3) Have "good" debtors. It's usually difficult to recover judgments on old debtors, because of many laws that shield the assets and income of older people.

It is often difficult to enforce judgments on poor judgment debtors, because one cannot squeeze water out of a stone, and filing for bankruptcy is relatively easy and cheap to do. It's very very to enforce a judgment on a failed company debtor.

When you choose a judgment enforcer or buyer, the issues are their qualities, and how suited they are to the particular judgment debtor, because only the debtor's assets can repay your judgment.

Here are a few factors that can indicate relative strength in a judgment buyer or enforcer (that could be an attorney, a person, or a collection company):

1) Has a good cash supply. If enforcer becomes low on funds, they're less likely to be able to persistently and aggressively recover the debtor's assets. The biggest reason judgment enforcers give up their business, is if they run out of money.

2) Possesses the experience, and/or the attitude to succeed.

3) Is aware of their capacities, and does not work on judgments they can't recover. An example is recovery specialists who are assigned judgments nationwide, without having the resources or contacts to get them enforced.

4) Accountable, reliable, and responsive. Some recovery specialists (and many small businesses) do not treat voice mails and emails seriously enough. Some enforcers go out of business, and then do not assign judgments back to the original judgment creditors, which is one of the most foolish business decisions they could make.

5) Not a crook or a flake. Be extra careful when "enforcers" try to charge you cash up-front, unless there's a very valid reason which you agree with, as an example, to domesticate a judgment into another state.

6) How long they have working in the business, however nothing and no one lasts forever.

7) What educational groups, organizations, and judgment forums; they are long term and/or current members of.

8) If they were referred to you from a judgment broker, who knows the track record of many enforcers and buyers. A judgment broker constantly screens out flakes, and does not refer judgment owners to enforcers or buyers that do not respond.

Can one bypass the factor of the strength of an enforcer, by selling a judgments for cash up front? Not totally, as there are some unresponsive and flaky buyers advertising, and even a few crooks.

A big problem when you sell a judgment for cash up front, is one never gets very much; usually one to five percent of the face value. You almost always get much more money on a future-pay judgment recovery.