Is there a statute of limitations on executing/recovering my judgment?
Yes. A California judgment is good for an initial period of 10 years and can be renewed as many times as necessary to give the judgment creditor time to collect.
Can I hire an attorney to enforce my judgment?
Yes, you can, if you are willing to write a check for $1,000 to $5,000 for a retainer then pay a fee of between $150 and $300 per hour whether they ever recover anything or not. When we enforce the judgment you pay nothing, except possibly a notary fee of about $10, and we pay you when we collect from the debtor. At the very least, you are usually better off going with us first. Then, if we fail, you can decide whether to bring the heavy, and expensive, guns of an attorney to bear on the debtor.
How about using a collection service?
Collection services are good for some things, recovery of judgments is generally not one of them. Collection agencies usually just call the debtor and write nasty letters. They can report him to a credit reporting agency, but all that does is reduce the debtor's ability to make money. That may sound like fun, but the problem is that if we make it hard for the debtor to make money there is less money to seize to satisfy the judgment. Besides, collection services usually focus on collecting pre-judgment debt. Unless they are experienced using the legal tools available to judgment creditors, all they usually do is spend your time and money to little effect. And with the passage of the FDCPA (Fair Debt Collection Practices Act), the debtor can just tell a third-party debt collector to stop calling. After that, any collection letter simply goes in the shredder and the collection effort is stalled indefinitely.
Is there any guarantee that you will be successful?
No. Sometimes there are simply no assets to seize. But if they do exist you can be sure that we will do our best to locate them, because if we are unable to enforce your judgment - we don't get paid! This gives us a serious incentive to succeed.
Do I have to pay you any money up front for the cost of recovery?
No. All fees, costs and expenses associated with the recovery of your judgment are covered by us. Period. The only cost to you is the notary fee for the Acknowledgement of Assignment form that we must file with the court.
How long before I will actually see results?
There is no honest answer to that question. When, and even whether, we recover anything depends on many different things. Among those things are whether the debtor: 1) owns property; 2) has a job; 3) is married; 4) has money in a bank account; 5) is a deadbeat good-for-nothing druggie with no aspirations for success at anything in his life; 6) etc, ad nauseum. The potential factors that affect our ability to recover your judgment, and the speed at which that recovery happens, are so variable as to make any speculation merely a wild guess. Speaking generally, however, in some cases we begin to see results as early as three months. The total amount of time it takes to recover the entire judgment can easily run from 3-6 months to 3-6 years. Each case is different. Keep in mind the fact that if the debtor was inclined to pay what he owed he would have written you a check by now. Ultimately, the speed at which the recovery progresses depends on how determined the debtor is to resist fulfilling his legal obligation to pay. In fact, you are probably better able to answer that question at this point than we are because you have experience with the deadbeat.
How does all this work?
First, we enter into a contract that details the specifics of the purchase of your judgment. Next, you assign the judgment to us making us the assignee of record. After we filed the assignment documents with the court we (GP Judgment Recovery) have the sole legal right to investigate the judgment debtor and proceed with the process of enforcement. We then make payment to you based on the funds recovered from the judgment debtor, per our purchase agreement
I'm sold! What is my next step?
To get the ball rolling, please click here to send us an e-mail or call us at (626)344-8667. There is absolutely no obligation on your part. We will call you to discuss the case and send the necessary documents for you to sign. When you mail us back the signed documents we will get started immediately on the job of enforcing your judgment.
The final question will be answered by "Carnac the Magnificent!", and Carnac says the answer is, "Yes!"
The question is, Isn't it time justice was served?