What is judgment recovery?
Judgment recovery is the process of collecting money from debtors who have been commended to pay a creditor by a court.
In some cases, the debtor, or entity called to pay the damages, will hide their assets, refuse to pay, or disappear to avoid payment. Creditors, the entity to whom the money is owed, may not see their money right away or even at all, depending on the case. A private investigator with judgment recovery experience can uncover hidden assets in order to recover the debt that is owed.
What is considered a writ of execution?
A writ of execution is a judicial order granting the enforcement of a judgement obtained by a court official. If you were to issue a writ of execution, the court will order a sheriff or court officer to take possession of property or assets owned by the debtor. After the assets are seized, they are sold, usually at an auction or sheriff’s sale, and the proceeds are used to pay off the debt.
Investigations Involving Judgment Recovery
Missing Persons Investigations
Bank Account Locates
What if the debtor refuses to pay?
If you have been awarded a judgment in court, the debtor is required to pay you. The only exception is if they win an appeal by proving they do not have the necessary funds. There are various legal tools available for creditors to use in order to recover their money, including garnishment of wages, forced sale of assets, repossession, seizure of bank accounts, evictions and more. A private investigator can get you the information that will allow you to take action. They also have access to resources that allow them to quickly and accurately locate missing people or assets.
What assets does a private investigator look for?
In order to convince a debtor to pay their debt, an investigator can uncover:
Stocks and Bonds
RVs, Boats, Motorcycles
Income from Third Parties