|
|
|
|
|
|
Judgment Recovery: What's It All About?Quietly concealed in court houses across the United States are over $200 billion dollars in uncollected judgments. A money judgment is no ordinary debt. It's the result of one party (plaintiff) filing suit against another party (defendant) and ultimately winning the lawsuit.
If you've ever watched any of
the court televisions shows, you've seen real life examples
of how judgments are created. However, winning the judgment
in court is probably the most satisfaction the plaintiff
will ever receive.
Fact: Over 80% of all
money judgments awarded, are never collected.
The reason is that the court system provides no direct
judgment recovery assistance. It's up to the winner
of the lawsuit to collect the funds owed to them.
Now this doesn't mean that the
court offers no provisions to collect the judgment. In
every state there are enforcement tools available to
the winner of a lawsuit.
The key to judgment recovery though, is knowing how to locate the assets listed above. Only after they've been identified can you utilize the court system to enforce the judgment. This is precisely why over 80% of all judgments are never collected. Most judgment holders have no idea how to locate the debtor or his assets. After the case is won, the judgment debtor either vanishes or refuses to pay and that's how it ends. Case closed. However, judgments are assignable. They can be bought and sold, much like other negotiable instruments. Plus you can buy a judgment at far less than it's face value. Now imagine that you've been expertly trained in locating assets. What would happen if you contacted judgment holders and explained that you can collect their judgments for them? You further explained that there'd be no out of pocket expense on their part. Finally, you explain that your fee to collect their judgment would be a percentage of what you collect (typically 50%). Do you think the judgment holders will be glad to hear from you? You bet they will. The demand for individuals trained in judgment recovery is phenomenal. This critical gap in the court system has created a billion dollar ground floor opportunity for anyone with the skills and abilities necessary to find assets. If you'd like more information about judgment recovery and how you can make money in this unique home based business, just sign up for my free training course. It will give you all the details.
All the best,
Lance Shapiro Legal Revenue Service Article by Lance Shapiro, of How To Make A Fortune Processing Judicial Judgments. Lance is also the owner and founder of Legal Revenue Service. How To Make A Fortune Processing Judicial Judgments is an absolute must have for anyone serious about judgment recovery. No other course out there even comes close. It will dramatically add to the profits of any judgment recovery business in a very real and measurable way. A special offer is available right now where you can obtain the entire course including 14 bonuses, an audio tutorial, and and much more. (Try some more free judgment recovery training, take our free 5 day marketing course, or, when you're ready for serious about getting started in judgment recovery, take a look at How To Make A Fortune Processing Judicial Judgments.) Judgment Recovery | Frequently Asked Questions | More Articles Copyright © 2008 Legal Revenue Service. You may reproduce this article on your site or use it in your newsletter if left exactly intact with all links, credit information, and this notice. Anything from the end of this copyright notice to the title of the article must be included intact. The links or content may not be changed or altered in any way without permission from Legal Revenue Service.
|