When a party is successful in a civil lawsuit, the court may award that party a judgment which states that the losing side owes the successful party a sum of money. Judgment enforcement is the legal process under which the winning party attempts to satisfy the judgment by collecting the debt owed under the judgment by the unsuccessful individual or business. For individual debtors, a common way to enforce a judgment is through an income execution, whereby a portion of the debtor’s wages are garnished and paid to the judgment creditor.
However, the process can be much more complex when the debtor is a business. The judgment may include a court order to seize property or other assets to satisfy the debt, or the creditor may request those orders after the judgment has been entered. Creditors seeking to collect on a judgment are advised to contact an attorney experienced in pursuing these judgments in New York.
How are outstanding debts collected?
Lawyers with knowledge of judgment enforcement and commercial collections understand the lengths to which some debtors will go to avoid complying with a court order or judgment. Creditors who try to enforce these orders themselves are often frustrated, wasting time and money in the process. Experienced attorneys bring results by:
Pursuing judgments in two common scenarios
Getting a favorable court judgment to collect an outstanding debt is only half the battle. The real fight can be getting the debtor to comply. These situations can raise certain challenges:
Avoid the credit collection company myth
Too many people believe the best way to recover anything in these circumstances is by turning the debt over to a collection agency. However, most bill collectors never take legal action and only write letters or make phone calls. In many cases, all they do is alert a debtor that someone is trying to collect.
Experienced attorneys understand how debtors avoid complying with judgments and the strategies they employ to stave off or delay collections. Your lawyer will pursue all available avenues to enforce a collection order, holding companies and their owners accountable.