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.
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