How to collect on a judgment How to collect on a judgment After getting a judgment, many people find that they have spent much time and usually a lot of money to get a piece of paper that states that they are owed a certain amount of money. After a judgment is granted in their favor, the fun part begins. The majority of lawyers have state that the rate of collecting on a judgment is very low, so never are collected.
Few people are willing to go to the trouble and expense of pursuing a debtor.
There are some important issues that you must consider to make a judgment worthwhile. The biggest problem with judgment collection is that people sue the wrong person. Don t sue a firm just because its name is on a sign outside a place of business, or the person you assume owns the business, research and check further. Check with the local county clerk s office, business-licensing bureau, and department of consumer affairs or police department to find out the actual name in which the business is registered, and who actually own it. When suing a business, sue where the assets are.