Is there a statute of limitations on executing my judgment? Yes. The state sets a limit on how long a judgment is enforceable, called
a Statute of Limitations. This period is usually 10 years starting on the date your judgment was awarded. There is a way
of renewing your judgment for an additional period of time. Can I recover interest on my unpaid judgment? Usually. Most judgments include a provision for interest from the day it was awarded. With interest, your
judgment could be worth more than the day it was awarded. Why shouldn't I use an attorney to enforce my judgment? You can, if you are willing to put down a retainer and pay between $125 and $175 per hour, whether
they ever recover anything or not. When we enforce the judgment, we pay you
per our agreement. How
about using a collection service? A collection service may
contact a debtor and bug him to death! They may even report him to the credit bureau. But, they seldom
collect! And the debtor has the right to just tell a third-party debt collector to cease all communications. Is there any guarantee that you will be successful? No. Sometimes there are simply no assets to seize. But you can be sure that we
will do our best, because if we are unable to enforce your judgment - we don't get paid! How long before I will actually see results? It all depends on the difficulty in locating the judgment debtor and in uncovering his assets. Some
debtors are pretty good at hiding their assets. They appear to live without any means of support. We will try our best
to get results as soon as possible. Remember, we don't get results - we don't get paid! |
