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I broker judgments for a living, and one of the very many tasks a judgment broker does is to administrate an active free web based forum. However, I have a very long history of administering, moderating, or sub-administrating judgment - and several other topic-related forums, networks, and email and chat systems for decades.
Back in the days when I started, it was before the web. I ran (Bulletin Board System) BBS systems that used modems and regular phone lines. Besides the free...
•The Dissolving Company
I am not a lawyer, I am a judgment referral expert (Judgment Broker). When an entity (a company, corporation, certain types of partnerships, or an LLC) dissolves for good reasons, for example they are actually going out of business, that is unfortunate for everyone.
When an entity dissolves just to stymie a creditor, there is a possibility for the creditor to get repaid.
You can check the status of an entity on the web site of your local state's Secretary Of State office.
State...
•Judgment Questions Answered On Radio
There are many ways one can learn about judgments and their enforcement. Ways to learn include the web, and also free and paid judgment forums, books, etc. However, sometimes you want to ask one question, or just listen to good conversations about judgments.
Now there is at least one (free) internet radio broadcast with a "judgment showcase", where you can listen live, and call in and ask questions. You can also download shows as MP3 podcasts and listen to the judgment shows at your...
•Judgment Buying Listing Sites
I am not a lawyer, I am a Judgment Broker and referral expert. The web has enabled several new ways to list a judgment for sale, recovery, or trade. There are three kinds of judgment listing web sites.
The first type of web listing service is a "Judgment Marketplace", where one can buy, sell, or trade civil judgments.
At such a site you can register for free, and they list your judgment free for a "buy it now" price. The judgment seller pays a fee of 5% when the judgment is sold. You can...
•Run A Judgment Collection Company Anywhere
I am not a lawyer, I am a judgment referral expert (Judgment Broker) and this article is about ways to run a judgment recovery business to enforce court judgments.
Judgments are not just debts, they are final orders of a court. Because laws and courts do not help people (or make it easy to) recover judgments, and because judgment recovery requires skills and/or money - most people need help in recovering their judgment money.
The difficulty in recovering most judgments has created a...
•Getting the Best Price For Your Judgment
I am not a lawyer, I am a judgment referral expert (Judgment Broker). I talk or email with at least 50 judgment owners every day.
Everyone wants the most cash for their judgment right now. Some ask for the impossible, for example 50% cash up front, or a future-pay recovery charge of 10% to enforce their judgment. In this article, I discuss how to really get the highest price for your judgment, as fast as reality allows.
There are only two ways to sell a judgment - either for
a portion...
•Domain Name Cloaking
Who would you trust more? People and companies that tell or show you what their real situations and identities are, or those who hide things? On the web, transparency is usually the best policy.
When I see a blocked (hidden) phone number, or a web site with a domain that hides by their ownership by using some "proxy" service, an email address from "info" or "sales", instead of a real name, or a postal envelope with no return address, it makes me less likely to respond the way the sender or...
•Making Money Enforcing Judgments
I am a Judgment Broker, not a lawyer, and this article is my opinion, please consult with a lawyer if you require legal advice. As a Judgment Broker, I see the mistakes Judgment Enforcers make, and know what Judgment Enforcers can do to make additional money.
The first rule is: Know when to hold them, know when to fold them. Only keep judgments that you have a chance of enforcing now or later. Only take judgments that are within your ability to enforce. Do not take assignment of a child...
•When You Discover Debtor Fraud
I am a Judgment Broker, not a lawyer, and this article is my opinion, please consult with a lawyer if you need legal advice. My opinion about this topic comes from my actual experience, and is limited to California, however the concepts discussed here apply in most places.
Many judgments start when a lawsuit is won, after one entity defrauds another. There are varying degrees and kinds of fraud, including misrepresenting financial risks, falsifying official documents, and flagrantly...
•Judgment Debtor Examinations
I am a Judgment Broker, not a lawyer, and this article is my opinion, please consult with a lawyer if you need legal advice.
Many times, to help in the battle to recover a judgment, you must have the court order the judgment debtor to appear in court, by getting a subpoena. Either a lawyer or the court can issue a subpoena. The court will provide a schedule for a debtor examination (a hearing) at the court where the judgment was obtained.
The court appearance of a judgment debtor to...
•UCC Judgment Liens
I am a Judgment Broker, not a lawyer, and this article is my opinion, please see a lawyer if you need legal advice.
A UCC (Uniform Commercial Code) lien, either is a general or a specific lien on most business property, and certain kinds of personal property.
A UCC lien does not cover real estate property. (Real estate requires a different kind of lien, such as an abstract of judgment, recorded at the county recorder where the property is located.)
A UCC lien can be voluntary, for...
•How to Figure Out Judgment Interest
When one enforces, collects, or is paid on a judgment in one lump sum, and there are no recoverable enforcement costs, the total amount owed (including interest) is easy to determine.
In the case of California, having a simple non-compounded 10% interest rate, the amount owed is what the original judgment listed, plus 10% interest per year (and is adjusted for payments and costs).
In California, the daily interest owed is approximately the (principal judgment amount and the costs -...
•Satisfying a Judgment
Whenever a debtor pays off or settles a judgment, the creditor must, or at least should, file a proof of satisfaction at the court where the judgment was filed.
Some states have strict time limits on when you must file a satisfaction of judgment - for example, 2 weeks or 30 days - while other states do not have any time limits. An advantage of such a time limit is, that the debtor should quickly be relieved of having a judgment debt hanging over them.
A disadvantage of this time limit is...
•More Income for Attorneys
The economic meltdown means many are looking for new income sources. Many attorneys are also looking for new income sources.
Most civil lawyers make money creating judgments. Every year more and more lawyers are also starting to recover judgments as a way of increasing their income.
Anyone that recovers judgments needs to find judgment leads. Anyone that recovers judgments must also turn away judgments not right for them, for example when the debtors are too far away, in another state...
•Making the Best of What Is
The world/universe cannot, and will not, always give you what you want. There are three ways to react when things are "not right":
1) You can get depressed, sad, bored, angry, and/or fight the world. This only hurts you and the world, because what is, is what is.
2) You can simply accept whatever life tosses your way, that is a much better way to go. You make the best of what is, as much as you can.
3) You can do more if you do not fully depend on what is. You are not 100% dependent...
•What is a Judgment Enforcement Agency?
There are many web sites describing themselves as being a national judgment enforcement agency.
There is nothing wrong with having a web site with a name resembling "Judgment Enforcement Agency". However, it is important to understand that most web sites that say or imply this, are not actually national judgment enforcement agencies.
Both collection agencies and lawyers, can enforce judgments for you. Post judgment lawyers get paid by the hour. Judgment enforcers only get paid for...
•Foreign Judgment Enforcement
I am not a lawyer. This is my opinion and a summary of what I have learned and observed. If you need legal advice, contact a lawyer.
Foreign judgment domestication sometimes describes the process of domesticating international judgments from another country into the US. Most often foreign judgments describe moving a judgment from one State's Court system to another. This is also known as the domestication of a sister state judgment.
Other kinds of foreign judgment domestications are the...
•Judgment Proof Debtors
No two words are more discouraging to a judgment owner. Most people know the usual reason (being very poor), but there are other reasons.
Related to being poor is bankruptcy - even if the debtor is rich. If the debtor files for bankruptcy, you cannot enforce a judgment against them, unless you first get written notice that you can from the court where the debtor filed.
Frauds: Let's say you sue Phillip Fry, but that was only one of the many names he used. He has used more than 20 names,...
•Local Judgment Enforcement
When picking a judgment enforcer (or attorney) to enforce your judgment, it's very important to pick one who is close to the debtor, even better, close to the debtor's available assets.
For the rest of this article, debtor means the debtor's assets, because you can only take what a debtor owns - not the debtor themselves.
Most judgment enforcers charge 50% of what they recover. This is because of the expense and hassle of enforcing judgments legally. When the enforcer is close to the...
•How to Collect a Judgment
You won your judgment and now it's time to be repaid. Judgment enforcement requires a lot of time and money. If possible, you should try and settle with the debtor. Some debtors will never settle, and some are scoundrels. But if settling is an option, consider settling for 50% of what is owed. (It may cost you that much to enforce over time.)
Unfortunately most debtors won't actually settle (pay you money). If they won't settle, you have to decide, are you going to enforce the judgment...
•Buying Judgment Leads
Because laws make it difficult and expensive to enforce judgments, there is a very large industry of independent Judgment Enforcers (JEs). The way judgment enforcement works is, first, judgments are assigned to JEs. Then the JE can attempt to enforce a judgment, so the Original Judgment Creditor (OJC - the plaintiff), can be paid.
Almost everything in the judgment enforcement business is done on a contingency basis, everyone get paid after results are accomplished.
No Judgment is...
•Selling your Judgment for Cash
Mr. Bill Fason, once wisely wrote: "Most creditors (if they are not professional finance people) at first look upon their money judgments as if they had found a Golden Ticket to visit Willy Wonka's factory".
"Eventually, the cold harsh reality sets in as they discover that their bad paper has a street value somewhere between Confederate war bonds and broken eight track tape players".
Everyone who wins a court judgment eventually has to smell the coffee.
Congratulations, you spent time...
•Your Judgment and Bankruptcy
I am not a lawyer. This is my opinion and a summary of what I have learned and observed. If you need legal advice, contact a lawyer. (Especially in bankruptcy issues.)
Bankruptcy is a set of federal laws. These laws allow (and sometimes help force) debtors to petition and be declared (judged) insolvent. This means the debtor owes more than they have the ability to repay.
Any (known and non-exempt) property of the debtor is turned over to a Trustee. After court proceedings and hearings,...
•Judgment Collection
I am not a lawyer. This is my opinion about what I have learned and observed. If you need legal advice, contact a lawyer.
The easy part was getting the Judge to agree with you, to get your Judgment.
At every Courthouse - there should be a sign that says: "When you win a Judgment - don't expect to be paid". Of course such signs don't exist.
While court is a place to win a judgment, the court does not care if the judgment is paid. In most courts, they don't even allow social security...
•Judgment Recovery
General advice about civil Judgments and Judgment recovery.
I am not a lawyer, but I have observed and worked at Judgment recovery from every angle. I was defrauded, and paid a lot for lawyers to get, and keep my judgments enforceable.
The tips below are my opinion and not legal advice. If you have questions or are planning any legal action, please consult an attorney.
I learned that a Judgment is not cash. I was shocked to learn that after I paid a lot to lawyers, the courts did not...
•How to Pick a Judgment Enforcer
Judgment Enforcement is not easy, and there has always been a problem when Debtors move, or are in another area - how to Enforce a Judgment against them? As the laws are complex, most people use Judgment Enforcers.
How do you pick the right Judgment Enforcer? Here is a check list:
1) Do they have a web site that clearly shows their contact information? (Beware Enforcers that hide their names, phone numbers, and email addresses)
2) Are they members of any professional organizations or...
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