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#1
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Judgment Recovery
I've talked to a couple of these judgment recovery outfits and find their contracts disturbing. They don't want to buy the judgment, they just want it signed over to them with a promise of payment upon collection. I don't trust them as far as I can spit. Has anyone had a positive experience with one of these outfits, or can someone offer a viable alternative?
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#2
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I avoid the law related posts anymore. If you have a judgment, you should consult with the attorney who helped you get it. If you did not get the judgment through an attorney, you should enforce the jusgment the same way you got it, research and leg work, and probably some paper work.
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#3
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In my limited experience with 'recovery' I've found it a lot easier to do localy than out of state. Are you dealing with a single judgment or do they pile up on you
__________________
-Marty 1986 300E 220,000 miles+ transmission impossible (Now waiting under a bridge in order to become one) Reading your M103 duty cycle: http://www.peachparts.com/shopforum/831799-post13.html http://www.peachparts.com/shopforum/831807-post14.html |
#4
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One very large judgment from 10 years ago against a Canadian Corp. and two Canadian citizens. It all happened in Pittsburgh, BTW...... They had no assets at the time, so I let it go, but figure it's time to have another look around.
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#5
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It depends on the state but if they are a court officer they can sieze property and auction it. My own experience has been very good and they have brought home money that business's owe that would normally be next to impossible to collect on.
collection agencies take a percentage while Judgment Enforcement is a ward of the court and usually collect the fee's when they seize the property. |
#6
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Quote:
__________________
-Marty 1986 300E 220,000 miles+ transmission impossible (Now waiting under a bridge in order to become one) Reading your M103 duty cycle: http://www.peachparts.com/shopforum/831799-post13.html http://www.peachparts.com/shopforum/831807-post14.html |
#7
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Quote:
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#8
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Quote:
They make you an offer you can't refuse. Unfortunately they end up being silent partners for life after that. But seriously I would not trust any outfit that wants it handed over for nothing up front.....you have everything to lose and they have everything to gain.... IMHO
__________________
Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche |
#9
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Quote:
One question to ask yourself in advance is how much is it worth to put it behind you? Would you settle for $5,000?... how about $500? If the debtor cuts a deal with the agent for $2,500 you get $1,250. To the agent this is a great deal he makes $1,250 and does not have to do any more work. You may or may not be satisfied by that. You can see that by pursuing it yourself you have a lot more room to negotiate. You can find a lot of info about people and their property on the Internet, for a nominal fee it’s even easier to get. You will also find that with a little sweet talking the magistrate’s assistant’s can be very helpful. In the end it's in the agent’s interest to settle for whatever amount they can get. Just keep that in mind going in. And be ready to be underwhelmed by the results.
__________________
-Marty 1986 300E 220,000 miles+ transmission impossible (Now waiting under a bridge in order to become one) Reading your M103 duty cycle: http://www.peachparts.com/shopforum/831799-post13.html http://www.peachparts.com/shopforum/831807-post14.html |
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