Questions & Answers About Judgment Recovery
I just received my judgment; will the Court give me my money?
No. A lot of people think that once the Court rules in their favor and they receive a judgment that the Court will force the other party to pay. The courts have given you a judgment and given you the power to use the sheriff and others means to enforce the judgment; however, you are on your own.
My Attorney told me he would recover my judgment, but it has been awhile.
We like attorneys, as they sell us many of their judgments. However, attorneys prefer to be paid directly for the litigation and the counsel they provide. Post-judgment enforcement can be a new area of law that your attorney may not wish to get into for several reasons. Some experienced attorneys will just send letters demanding payment, and that’s as far as they will go because any other method will cost them or you money. Most law firms are not willing to put up money for recovery. Some attorneys may ask you to provide up front costs and pay them for their firm's time. Alliance Financial Court Judgment Recovery is set up differently; we recover with no up-front cost and no charges for recovery.
Can you help me recover my judgment?
Yes. Judgment holders have the right to assign your judgment to another for collection. We will screen your debtor for assets and assess the present value of the judgment. We will work very hard on your judgment for the first 180 days, and chances are we will get results. In some cases, i.e. the debtor is in jail or on welfare, it may take several years for the debtor to get back on his or her feet. In such cases we wait patiently and continue to review the debtor's assets every 6 months or so.
My company has multiple judgments, can you handle many at once?
Yes, we can work with you in putting a package together and minimizing the paperwork required. Depending on the amounts and type of judgments we can work on a package deal that may require special arrangements. Please call our office for details.
I have an Unlawful Detainer against an old tenant, can you recovery this type of judgment?
Yes. Unlawful Detainers, labor board judgments, small claims, child support judgments, Unlimited Civil judgments and a Federal judgment are all recovered in similar manner. We recover and enforce all types of judgments.
How much do you charge?
The question needs to be rephrased to what do we pay? We are paying you for the purchase of your judgment based on its current and future value, and since the debtor is not paying the judgment at this time, the value is worth zero. If we are able to enforce the judgment, the future value is increased and that is what we will pay you for. Out of this future value, we pay up front for all court fees, research and skip tracing fees and all Sheriff's Fees. If the debtor filed for bankruptcy, we could end up with a loss of several hundred dollars, but you have lost nothing because you sold and assigned the judgment to us. We assume the risk and cost. Most judgment cases are paid at 50% of the judgment. This is an industry standard; however, we pay 60% of the judgment principal.
Some peoples' first reaction is, “No way am I going to give up 40%,” so we ask, "What do you have now?" If you have not been paid yet, then your judgment is considered lost money. You will most likely never see any of the money again. However, stop and think for a moment, what about finding a stash of hundreds in a folder in your desk a year from now? Think of finding thousands from lost claims as cash back on your company's ledger. That's what we are offering, a chance that we may recover money for you and at our own risk and cost. We do not negotiate on judgments lower than $50,000, the reason being the amount of set cost in research and court cost involved.
Do I have to give you money up front?
No. You will be required to get a notary to sign an assignment, but that is not paid to Alliance Financial Court Judgment Recovery. A notary normally costs $10.00 or is free at some Banks and Credit Unions. In some cases we may be able to provide a notary to assist you free of charge.
I have an old judgment, can you still recover it?
Yes, if your judgment is under 10 years old or if you have renewed the judgment yourself before then we can take assignment. If the judgment posted date has passed by a day, then you have lost your right to recover, and we are sorry. If time is short please make sure you note that in your email or voice mail to us, so that we can see to the urgency needed to make sure you don’t lose your judgment.
What is the status of my judgment? How much have you recovered? How far have you gotten?
Since the process of assignment means we legally own the judgment, we cannot tell you any of the investigative information, however nearly all of our collection activity is public record and may be viewed through the Court or the Sheriff Civil Division of the county where the debtor has assets. If you send us an email through the Enforce My Judgment page we will let you know of any enforcement actions we have taken and if any money has been recovered or is in the process of being recovered. We are not always able to respond to phone calls requesting information on cases as we have thousands of cases that are in constant flux.
No. A lot of people think that once the Court rules in their favor and they receive a judgment that the Court will force the other party to pay. The courts have given you a judgment and given you the power to use the sheriff and others means to enforce the judgment; however, you are on your own.
My Attorney told me he would recover my judgment, but it has been awhile.
We like attorneys, as they sell us many of their judgments. However, attorneys prefer to be paid directly for the litigation and the counsel they provide. Post-judgment enforcement can be a new area of law that your attorney may not wish to get into for several reasons. Some experienced attorneys will just send letters demanding payment, and that’s as far as they will go because any other method will cost them or you money. Most law firms are not willing to put up money for recovery. Some attorneys may ask you to provide up front costs and pay them for their firm's time. Alliance Financial Court Judgment Recovery is set up differently; we recover with no up-front cost and no charges for recovery.
Can you help me recover my judgment?
Yes. Judgment holders have the right to assign your judgment to another for collection. We will screen your debtor for assets and assess the present value of the judgment. We will work very hard on your judgment for the first 180 days, and chances are we will get results. In some cases, i.e. the debtor is in jail or on welfare, it may take several years for the debtor to get back on his or her feet. In such cases we wait patiently and continue to review the debtor's assets every 6 months or so.
My company has multiple judgments, can you handle many at once?
Yes, we can work with you in putting a package together and minimizing the paperwork required. Depending on the amounts and type of judgments we can work on a package deal that may require special arrangements. Please call our office for details.
I have an Unlawful Detainer against an old tenant, can you recovery this type of judgment?
Yes. Unlawful Detainers, labor board judgments, small claims, child support judgments, Unlimited Civil judgments and a Federal judgment are all recovered in similar manner. We recover and enforce all types of judgments.
How much do you charge?
The question needs to be rephrased to what do we pay? We are paying you for the purchase of your judgment based on its current and future value, and since the debtor is not paying the judgment at this time, the value is worth zero. If we are able to enforce the judgment, the future value is increased and that is what we will pay you for. Out of this future value, we pay up front for all court fees, research and skip tracing fees and all Sheriff's Fees. If the debtor filed for bankruptcy, we could end up with a loss of several hundred dollars, but you have lost nothing because you sold and assigned the judgment to us. We assume the risk and cost. Most judgment cases are paid at 50% of the judgment. This is an industry standard; however, we pay 60% of the judgment principal.
Some peoples' first reaction is, “No way am I going to give up 40%,” so we ask, "What do you have now?" If you have not been paid yet, then your judgment is considered lost money. You will most likely never see any of the money again. However, stop and think for a moment, what about finding a stash of hundreds in a folder in your desk a year from now? Think of finding thousands from lost claims as cash back on your company's ledger. That's what we are offering, a chance that we may recover money for you and at our own risk and cost. We do not negotiate on judgments lower than $50,000, the reason being the amount of set cost in research and court cost involved.
Do I have to give you money up front?
No. You will be required to get a notary to sign an assignment, but that is not paid to Alliance Financial Court Judgment Recovery. A notary normally costs $10.00 or is free at some Banks and Credit Unions. In some cases we may be able to provide a notary to assist you free of charge.
I have an old judgment, can you still recover it?
Yes, if your judgment is under 10 years old or if you have renewed the judgment yourself before then we can take assignment. If the judgment posted date has passed by a day, then you have lost your right to recover, and we are sorry. If time is short please make sure you note that in your email or voice mail to us, so that we can see to the urgency needed to make sure you don’t lose your judgment.
What is the status of my judgment? How much have you recovered? How far have you gotten?
Since the process of assignment means we legally own the judgment, we cannot tell you any of the investigative information, however nearly all of our collection activity is public record and may be viewed through the Court or the Sheriff Civil Division of the county where the debtor has assets. If you send us an email through the Enforce My Judgment page we will let you know of any enforcement actions we have taken and if any money has been recovered or is in the process of being recovered. We are not always able to respond to phone calls requesting information on cases as we have thousands of cases that are in constant flux.