If you do not know where a debtor banks, finding their bank account is sometimes difficult. Of course if the debtor has almost no money in their account, a levy is a waste of time and money.
This article is my opinion, and not legal advice. I am a judgment broker, and am not a lawyer. If you ever need any legal advice or a strategy to use, please contact a lawyer.
She had become desperate and threw beheaded squirrels into my back yard hoping to scare us. Only later did I realize her common addict behavior was foreshadowing a darker Halloween curse, as Vicki’s birthday was October 31st, just weeks away. Yet my faith in God wasn’t swayed by her ridiculous drug-induced voodoo rants.
Whether or not you have already filed the judgment lien with the court, you can pay the Sheriff to levy your debtor’s final judgment. You begin by getting a writ of execution. Then you have a registered https://www.processserver101.com or the Sheriff directly, open a Sheriff’s levying officer file. Then you file your notice of judgment levy with the court, and the proper parties must be served.
After your debtor’s judgment gets attached by a Sheriff levy, there could be a settlement offer, that may get you paid. Usually, debtors do not pay after their settlement offers; so you will then have to pay a Sheriff to sell your debtor’s judgment at an auction, which might get you paid something. You might want to attend the auction, and use your judgment to credit bid, to be the high bidder and pay, so you will own your judgment debtor’s judgment. Usually, there is not very much demand for judgments at auctions.
It’s essential to choose a company that knows the rules of the jurisdiction where the case was filed. For example, while some jurisdictions allow any adult who is over the age of 18, has no felony convictions and is not a party to the case to serve process, most require process servers to be licensed, bonded, certified or otherwise authorized.
What if you can’t do without the monthly income that the 25% maximum garnishment represents. There are ways to keep that from occurring, also. However, that requires consultation with a professional to determine what the best approach is for the specific situation. If this is of interest to you, feel free to contact me and I’ll be happy to recommend several individuals who will be willing to talk to you for no cost.