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An experienced collections attorney will do more than merely advise you on what you need to do. Instead, they will help you collect on the debt by filing a lawsuit against the debtor, seeking and obtaining attachments on the debtor’s assets, and even garnishing their wages post-judgment so that you can get paid for your judgment debt.
At the Stevens-Lloyd Group, in addition to utilizing our unique blend of incorporating phone calls, strong written communication skills and litigation, we also utilize more advanced debtcollection techniques. These include Writs of Execution, Bank levies, and Wage garnishments. Recovering Debt from a Judgment Debtor.
When the debt collector receives payment from the debtor, they will keep a portion of it and remit the rest to the creditor who can then write off the remaining balance. What Happens to Debt that is Sold to a CommercialCollection Agency? This could lead to bank account garnishment.
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