I have a judgment against a tenant I had to evict in Orange County, California in 2000 of around $1000. He has not paid a dime. How can I go about collecting on the amont? My understanding is that there is a 10 year statute of limitations on the judgment.
2006-12-29 10:21:33 · 4 answers · asked by DT 2 in Business & Finance ➔ Credit
do you know where he lives?
or works? or anything about him? if so you would need to file for a garnishment and present it to his place of employment or bank
2006-12-29 10:25:20 · answer #1 · answered by bayareart1 6 · 0⤊ 0⤋
Most collection agencies, and professional judgment collectors, will not take on a case that size. You as the judgment holder have the right to legally investigate your debtors assets and seize them to satisfy the judgment, so it is within your power to collect on your own judgment.
This is not a difficult process, but you will need to educate yourself, and become very familiar with your court-of-origin and their processes to make it work.
Your first step is to run a thorough asset search on your debtor. Next - once you have identified assets and financial accounts that qualify as seizable, you will need to file the appropriate paperwork with your court-of-origin. Since you no doubt obtained the judgment in Small Claims court, you will not need an attorney to have the court issue liens and garnishments.
Our company can assist in providing you an accurate picture of your debtors seizable assets and financial accounts. Our pricing runs from $69 for a basic property search, to $398 for our "ultimate" package which includes a top-of-the-line bank account search.
Keep in mind, your judgment is probably accruing interest at a rate of about 10% per year, which means you can actually seize about $1,600 or so, rather than just $1,000.
Best wishes!
2007-01-01 17:18:25 · answer #2 · answered by DMEdwards 2 · 0⤊ 0⤋
Turn it over to a collection agency and be sure they notify the credit reporting agencies. At least the deadbeat won't be able to get credit cards, mortgages or car loans until the debt is satisfied. The cost of revenge is well worth it.
2006-12-29 18:30:40 · answer #3 · answered by Bill P 5 · 0⤊ 0⤋
I don't know your specific state laws, but in many cases, a sheriff would have to execute the judgement-they can do a sheriff's sale of his personal items. You should go and talk to the sheriff's office about your next step and see what they advise. You can also refile for your judgement to extend the amount of time the lein will show up on his credit report.
2006-12-29 18:30:28 · answer #4 · answered by melouofs 7 · 0⤊ 0⤋