I won a judgment from a large company and now they will not pay. It has been almost 2 months. I have called corporate, been very nice and asked them to pay but they still will not. I have the paperwork to do a sheriff sale which I will turn in this week. Is that my last/only option to hope they will pay once they see I will continue to pursue trying to get my money from them?
2007-05-08 00:33:38 · 6 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Turn it in. You're entitled to collect the cost of collection. A company that is dragging it's feet on something like this is clueless.
2007-05-08 00:38:34 · answer #1 · answered by wizjp 7 · 0⤊ 1⤋
Our company provides assistance to judgment creditors, providing full-service judgment recovery assistance and asset investigation services.
No judgment debtor ever pays up unless they are put in a position where they MUST pay. You have several options with a business. If the business is a storefront, you can send the sheriff on a writ of execution. GO WITH THE SHERIFF, if at all possible. The sheriff can either seize goods, or simply stand at the cash register and collect the cash there, and throughout the day.
If the business is not a storefront, understanding their asset holdings is key to getting them to pay. You need to understand fully what bank accounts, vehicles, UCC filings and property is registered in the name of the company. Once you have this information, you can file liens on the property and accounts. When a business realizes you have the power to seize their property, they have only two options - 1) they make payment on the judgment, or 2) you seize the property and/or accounts to satisfy the judgment.
Information is power. We've been empowering judgment creditors for years with asset investigaitons, Please see our websites below to understand more.
2007-05-10 11:54:36 · answer #2 · answered by DMEdwards 2 · 0⤊ 0⤋
As someone who has been in your situation, I can tell you that it's tough collecting on a judgment!
You do, however, have a couple of options:
Find out where this company has it's bank accounts. If you are successful, contact the bank and request that they pay the judgment from funds which the company has on account there.
See if the company does business with any federal, state, county, or municipal agencies. If they do, then there's a good chance that the company has posted a bond with that agency. If they have, then you shoud contact the appropriate agency and request that you be paid from the bond.
Post the details of your experience with this company with consumer advocacy websites such as my3cents.com, ripoffreport.com, and planetfeedback.com. You'd be surprised at the power of negative word of mouth on the company in question! They might pay the judgment simply because they don't want the bad press!
I hope that my suggestions are of help to you, and good luck on collecting on the judgment!
2007-05-08 07:44:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Ask the judge to issue contempt citations to the company representatives who will not honor the court's decision. If the execs are faced with jail time, maybe they will cooperate.
2007-05-08 07:42:10 · answer #4 · answered by regerugged 7 · 0⤊ 1⤋
I agree with all of the above answers, but Chuck's advice seems to be the best.
Good luck!
2007-05-08 08:01:38 · answer #5 · answered by Randy 2 · 0⤊ 0⤋
You'll probably have to go to court and have them issue an order to seize property. Of course they can file bankruptcy and wipe their debt to you away so be careful.
2007-05-08 07:38:32 · answer #6 · answered by caffeyw 5 · 0⤊ 1⤋