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How can you secure a debt owed to you before you get a judgment?

Collections Law

When you are pursuing a commercial collections lawsuit against a business debtor, it is easy to assume that payment is just around the corner. They allow you to secure assets of the debtor before the court issues a judgment. This means that before your debtor can sell or refinance property, your debt will have to be paid first.

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My debtor is doing business as normal, even though he owes me money. What can I do?

Collections Law

Watching your debtor continue business as usual while they owe you money can be incredibly frustrating. You have a judgment in hand, yet your debtor seems unfazed, conducting transactions and collecting payments without a second thought to what they owe you. Our collection lawyers are available for consultation appointments.

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Finding the money after a judgment: Using a supplementary process to locate hidden assets

Collections Law

You’ve gone through the trouble of obtaining a judgment against a debtor, yet here you are, now facing the frustration of having to find money to collect. The debtor seems to have vanished, taking their assets with them. If the debtor fails to appear, the court may issue a capias warrant, leading to their arrest.

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Compliance Digest – December 30

Account Recovery

A pro se consumer had managed to get a 3-judge panel of the Court of Appeals to reverse (in a 2-1 decision) lower court rulings finding that PRA had established its standing to sue and its ownership of the debtors account in the underlying collection action, and judgment in its favor on the debt.

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CNN interviewed Jocelyn Nager New York Debt Collection Lawyer

FFGN COLLECT NY

At the time of the interview, Press had indicated that it may not be possible for the former President to bond the State’s almost Five Hundred-Million-dollar ($500,000,000.00) judgment. If the bond cannot be posted and execution of the judgment is not stayed, the judgment can be enforced here in New York and elsewhere.

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You won a judgment against your debtor. Now what?

Collections Law

The judge declared that the debt owed to you is legitimate and you have a judgment against your debtor. Anyone who has any experience with debt collection will tell you that getting a court judgment is only the first step. Once you win a judgment from the court, the next step is to get a writ of execution. But now what?

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Post-Judgment Collection Practices for When Your Debtor Won’t Pay Up

Collections Law

You’ve won your case in court, and your debtor needs to make the necessary payments to resolve the outstanding debt. Very often your initial attorney who obviously excels at winning the case for you does not know the ins and outs of debt recovery or post-judgment collection. But it rarely is that easy. Bank and Real Estate Attachments.

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