Turning Judgments Into Money With Post-Judgment Enforcement
Many people don’t realize it, but winning a civil judgment at court is not the end of the story. In fact, in many cases it is only the beginning. Especially if the lawsuit involved a collections matter: If someone will avoid making payments to the point of losing a lawsuit over the debt, chances are that person will not pay right after a court-ordered judgment, either.
All collections work requires aggressiveness and tenacity, and nowhere are these skills more important than in post-judgment collections. As a White Plains post-judgment enforcement attorney, I represent a wide range of individuals, businesses and other attorneys’ clients collecting on entered judgments. While I handle all aspects of collection work for my clients – from the initial contact through the civil lawsuit – I also accept matters after judgments have already been entered into the court system.
When debtors do not pay judgments, there are several important legal mechanisms to obtain the money that they owe:
- Diverting income: First, I investigate debtors to see how they are employed – whether for themselves or for a company, etc. – to determine if there is any income to divert to my client through wage garnishment.
- Attaching accounts: I can freeze checking accounts, savings accounts, and business accounts in some cases to obtain the money owed.
- Seizing assets: Although it is more rare, I have used legal channels to seize and sell off debtors’ assets, including inventory, vehicles and real property, to cover the judgment.
I perform all of these post-judgment enforcement methods aggressively and ethically, fully complying with all of the relevant legal regulations and court procedures. Post-judgment enforcement is a specialized area of law. Many successful litigation lawyers hire me for their post-judgment enforcement because collections is all I do.
Many of my post-judgment enforcement clients are successful litigators. They win judgments for their clients, and when the defendants don’t pay, I go to work to turn those judgments into money.
Fraudulently Diverting Assets
In collecting on larger judgments, I occasionally find that the debtor has diverted the money somehow. Debtors will sign over their houses, give large cash donations to close family members or dissolve their corporations and re-open them as different entities in order to appear as though they don’t have the assets to pay the court judgment.
One of the essential services I provide at the Westchester County law firm of Peter B. Ackerman, Esq. is the investigation and followup litigation required to recover fraudulently diverted assets. I have successfully prosecuted post-judgment fraud suits against debtors and recipients of fraudulently diverted assets.
Contact My Firm To Learn More
I do all of my work on a contingency fee percentage basis, always keeping my fees competitive. To talk with a southeastern New York lawyer about post-judgment enforcement, call my law firm at 914-368-2429 or contact me online.