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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.
 
Here are some of the items of value that can be attached (legally seized) to recover a judgment:
  • Bank Accounts -- Seizing bank accounts are a fast and effective way to collect judgments. How To Make A Fortune Processing Judicial Judgments explains in depth how to locate and levy banks accounts.

     
  • Real Estate -- Filing a lien against property owned by a judgment debtor is an excellent method to enforce a judgment. When the debtor sells or refinances the property, you as lien holder, will receive payment for your claim against the it.

     
  • Wage Garnishments -- Here we're talking about multiple streams of income. Imagine establishing 10, 15, 20, or even 25 wage garnishments... all paying you each month.

     
  • Security Deposits -- If your debtor is an apartment dweller, more than likely he's has a security deposit with the apartment company. This can also be levied to enforce the enforce collection of the judgment.

     
  • Automobiles -- In most states if a judgment debtor owns more than on car you can repossess the other car(s) to satisfy the judgment.

     
  • Business Income -- Here, your judgment debtor has a store front and is doing business directly with the public. In this situation, you hire the sheriff to physically go into the business and take the money at the close of business. This tactic works like a Rolex to motivate business debtors to satisfy their debt.

     
  • Payments Received From 3rd Parties -- In this example you're judgment debtor owns rental property. As a judgment holder you can intercept the rental payments to enforce collection of the judgment. There are other payments from 3rd parties that can be garnished as well. They're all explained in How To Make A Fortune Processing Judicial Judgments.

     
  • Tax Refunds -- Tax refunds are also assets that may be seized to satisfy a judgment debt. Both state and federal tax refunds can be garnished.

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.)

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