Frequently Asked Questions
What types of judgments do you accept?
Some judgments are not worth pursuing, either from a practical standpoint, or from a personal ethics standpoint. These include:
- Judgments against people facing current financial hardship. Forcing someone to pay when they are already in the dumps with life is something I will not do. For example, people who are going through an eviction for recently skipping out on rent (Unlawful Detainer) generally are not good candidates for recovering money. If these people can’t afford to pay rent, what are the chances they will be able to pay the judgment? I suggest waiting a couple years (even more) before trying to collect. There is a better chance down the road that your debtor will improve with their financial situation. (Remember, you are entitled to receive interest on your judgment as time go on.)
- Judgments against people that move out of state. In these cases, you would be better off locating a judgment enforcer in the county where your debtor currently lives.
- Judgments against drug users. Substance abuse is very common in people that don’t work, or have any assets of value. Criminals, or even those who are seriously ill will likely not be able to pay anything towards a judgment. It just isn’t the right time to pursue these individuals. Right now.
- Judgments against people who have filed for bankruptcy after the judgment was awarded. Once someone is discharged of their debt, they are off the hook from paying their debts. Not always.
- Judgments that set off all kinds of alarms in our research. Many debtors just fall off the map completely. It is very hard to find a person that sleeps from couch to couch, is paid cash by their employer, and moves around a lot. Not a target we want to invest our money in.
- Judgments with a principal amount of $3000 or less. The amount of work involved in locating a debtor will not offset the amount to collect in our efforts.
What types of judgments do you prefer to enforce?
That’s an easy question. Judgments against people with assets or income who think their too clever to pay their judgment. Many times, debtor’s will try to hide assets, bank accounts, etc. into a spouses name or corporation. Locating these assets can be a time-consuming and tedious effort. Seek1 Solutions thrives on these kinds of cases and really enjoys the challenge. Of course, we love other types of case as well. It’s a great feeling to know how hard a creditor worked to win a lawsuit and to actually satisfy the judgment with the court.
Can’t I just hire an attorney instead? Isn’t that their job?
Yes, that is certainly an option. However, most attorneys will want to charge an upfront retainer fee and maybe a little time to consult you. Not every attorney is specialized in judgment enforcement (in fact, very few are). An attorney may or may not have represented you in court when you won your lawsuit, and some people assume that they will enforce their judgment as well. Not the case. Each attorney has a specific field of expertise. Family law, corporation, fraud, torts, bankruptcy, child services, etc. You will want to find an attorney that specializes in judgment enforcement, and it will cost you. We have seen several attorneys who latch onto existing creditors after their lawsuit has been won, just to get a percentage of collection efforts by someone else. Not a very ethical thing to do in our minds, but you have the option to do what you want with your own judgment.
How long before I get paid for my judgment?
Not an easy question to answer. This could be a matter of a few weeks to a matter of years. (Yes, it can take years in some cases!) Realistically, you’re looking at a few months before money starts to come in. Understand, that depending on several factors like a debtor examination, court response times, serving papers, etc, all take time to process with any given county. It could take several weeks before a judge will listen to a court motion. It can be a very slow, lengthy process overall.
There are also times where a judgment debtor realizes what they are facing during our relentless effort and decide to pay their debt quickly. Being “under oath” in court makes many debtors a little nervous and usually come up with a way to get the judgment against them, behind them.
Okay, so what’s the next step?
We would like to communicate with you regarding your judgment. Either telephone or email is fine. (Easiest is to use our “Submit Judgment” form above). We will do a free, no obligation pre-screening to see if the judgment is a good “fit”. If so, and you’d like to proceed further, we will send you a purchase agreement which confirms the payments that you would be due, and a form called “Acknowledgement of Assignment of Judgment”, which you will need to sign in front of a notary public. Then, just return this paperwork to us – Seek1 Solutions will take care of the court filing and service on the debtor – and we will start the enforcement process right away!