While winning a claim in a court of law feels great, it is just half a battle won. The decisive phase of the battle is How to collect on your judgement quickly. Many people who win judgments are always shocked at the realization that collecting on the judgment from the defendant is an uphill task.
After passing a judgment in your favor, the court usually ceases to get involved in the aftermath. You are effectively responsible for collecting on your judgment. Don’t sink into desperation, though; here are a few tips on how to collect on your judgment quickly.
Get Help from a Lawyer of a Collection Agency
This is usually a fast to collect your judgment. Lawyers and collection agencies are well-versed in the process involved and will collect you judgement quickly. However, working with a lawyer or a collection agency will require you to pay a given percentage as a commission for the services rendered.
When you choose to work with a lawyer or a collection agency, you may be asked to assign the right to your judgment to them. Their collection mode involves constant communications through the mail, letters, and phone calls to the debtor. They can also locate the debtor’s assets and use them as leverage to make the collection on your judgment fast.
Agreeing on Voluntary Payment With the Debtor
Too much aggression and using a lot of force can result in the debtor filing for bankruptcy. In a scenario of a debtor filing for bankruptcy, you will be required to file a claim in the federal bankruptcy court. A quick way to collect is to work out a binding payment plan with the debtor and give it a timeframe.
Only Use Legal Means to Collect on Your Judgment
If you want to collect your judgment quickly, only stick to legal channels of judgment collection. Abusive and unfair means of debt collection might cause you problems because a debtor may have protection against such means. Using legal means is a sure tip on How to collect on your judgement quickly.
Collecting judgments quickly can prove to be a challenge. However, there are avenues such as working with collection and judgment enforcement agencies to collect quickly. Reach out to us today, and let’s help you collect your judgment quickly.