I am not a lawyer, I am a Judgment Broker. This article is my opinion, and not legal advice, based on my experience in California, and laws vary in each state. If you ever need any legal advice or a strategy to use, please contact a lawyer.
When you use a professional judgment enforcer, they typically keep about half of every dollar that they recover. Most take expenses off the top, meaning you might get less than half of what is recovered. If your judgment situation looks difficult, you might have to pay more, if your judgment looks easy to recover, you might get to pay less.
It is very possible for you to collect your own judgment, although everything depends on your judgment debtor. You do not have to be a collection attorney or be in the debt collection field to try to recover your judgment money.
The advantage of collecting your judgment yourself is that you get to keep 100% of all the money you net from the potential recovery of your judgment. Perhaps you do not have to share any potential recovery with a professional judgment enforcement specialist.
It is true that recovering judgments is not trivial, and you must spend money at every turn. You must follow the many laws, rules, and procedures. Take your time, and accept that not everything will work, or work the first time.
Like most other work, judgment recovery is one percent inspiration and ninety-nine percent perspiration. As long as your debtor has some available assets, you can be part of the ten percent that recovers something on your judgment, instead of the ninety-nine percent of those who never recover a dollar from their judgment.
You must learn the laws about judgment recovery, and follow them, or you can waste money and perhaps get in trouble. To recover your own judgment, you must read and investigate the steps needed. The people that win are the people who prepare and learn what to do. If you can, make judgment recovery a game, and education is one key to winning in this game.
Nothing ventured, nothing gained comes to mind in judgment recovery. What have you got to lose by trying? If your debtor files for bankruptcy protection, whatever you spent will be likely be lost. You cannot squeeze honey out of a rock, and you should not spend money on hopelessly poor judgment debtors.
If your judgment debtor has, or can get enough assets to settle or repay the judgment, you might get the thrill and satisfaction of collecting your money. Whether you need the money or not, the court ruled that you deserve to get it. If you do not make progress, or get tired of spending money, you can find a judgment enforcer. Good luck!
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