Serious personal and financial consequences await those who fail to timely resolve their civil obligations. The following are typical of the scenarios in which your debtors will find themselves.


1) A debtor is sued for money owed to our client for services rendered or goods sold. In addition to the principal sum owed for the debt, the debtor may now be charged with attorneys fees, costs of court, and interest. Additional attorneys fees and/or receivers fees (25%) are likely to be added during the collection of the judgment. It can sometimes cost a debtor $6,500.00 to satisfy a judgment taken on a $2,500.00 debt.

2) The defendant caused some type of personal injury or property damage but has insurance. We will first attempt to resolve the matter with the defendant's insurance company. However, if the insurance company refuses to resolve the claim, we will prosecute the lawsuit against the defendant and, if successful, arrange for the attachment and sale of available assets in order to satisfy the judgment through a writ of execution and/or through the appointment of a receiver.

3) The defendant caused some type of personal injury or property damage but does not have insurance. If the claim is not paid voluntarily, we will prosecute the lawsuit against the defendant and, if successful, we will arrange to have his or her drivers license suspended until such time as the judgment is paid in full. This remedy is in addition to judgment execution and receivership.

4) There is a judgment pending against the debtor and she or he hopes that it will "just go away" This debtor hides his or her money in a child's bank account. This debtor shares business interests with his or her parents, relatives and/or friends. He or she has gone to great lengths to avoid paying their civil obligations.

Imagine having to explain to one's child (or parents or friends) that the money and assets that were once held jointly are now in the custody of a court-appointed receiver who may dispose of them to satisfy the debtor's civil obligations.

It has happened to debtors on judgments we have pursued in the past. It will happen again.

 


TEXAS RECOVERIES

 

The Fusselman Law Firm, P.C.
1616 South Voss Road, Suite 775
Houston, TX 77057
Call Now (713) 960-1619 ::: (713) 960-1430(fax)