Judgments and How Collections Agencies Enforce Them

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debt collections, accounts retrievable system, erase bad debt, reduce expenses, debt collection agency, debt collection services, judgement collections, collecting child support, collect alimony

Judgments & How Collections Agencies Enforce Them

Once you have won a judgment, you are now considered the judgment creditor. As a creditor, there are many collection techniques available. In fact there are more techniques available than when you try to collect debts before getting a court judgment. Below are listed methods of collecting a judgment and limits to what property you can take.

Methods of Judgment Collection

Wage Attachment/Income Execution:

The first item we will go after is the judgment debtor’s paycheck through wage attachment or garnishment. This is a very effective technique when the debtor is receiving a regular paycheck. Even though a person receives a paycheck, they still may not be willing to pay for one reason or another. Through wage garnishment, you are sure to receive your money from the debtor before they get a chance to even see the money. Federal law allows a certain amount of the debtor’s earnings to be taken by the creditor, in most states. There are higher limits for certain types of debt, such as child support and income taxes.

Property Liens:

In most states, once a judgment is entered against a debtor there is a lien automatically placed on the real property they own in the county where the judgment was obtained. Instead of waiting for the debtor to sell their property, you the creditor can “execute” on the lien. This means having the sheriff seize the property and arrange for public sale from which you are paid out of the proceeds. This is an extreme measure that needs to be considered carefully. The expense and hassle of executing a lien may not be worth the return on the sale.

Property Execution:

A property execution is a way of taking personal items from your debtor in order to pay the debt owed. This is where you, as the creditor, can get a “writ of execution” from the court and go after the personal property of the debtor. Only a judgment creditor can levy a debtor’s property, so the judgment must be awarded first. After a sheriff takes the personal property (a baseball card collection, for instance) they will sell it and the proceeds will go to paying off the debt.

Assignment Orders:

An assignment order allows the creditor to go after property that cannot be subject to a levy. For example, this can be an anticipated tax refund or an annuity policy.


Limits on What a Judgment Creditor Can Take

This is something that varies state to state. The professionals at Accounts Retrievable will be able to navigate through the laws by utilizing our nationwide network of attorneys. Every state has certain property that is considered “exempt” from being seized by a creditor. You can learn more here about what is exempt from debt collection in New York State.


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What To Do When You Can’t Collect Child Support

By newAccts,

debt collections, accounts retrievable system, erase bad debt, reduce expenses, debt collection agency, debt collection services, judgement collections, collecting child support, collect alimony

Currently there is $102 billion dollars of uncollected child support racked up nationwide. If you cannot collect child support, you are not alone. Unfortunately when non custodial parents fail to pay what they are supposed to, the custodial parent is left without many options. Due to the tremendous burdens and the insufficiency of the state and federal child support agencies, cases are not able to get the attention they require. It’s at this point that parents take on second or third jobs to cover the unpaid child support, often resulting in less supervision and interaction with their children, which breaks down the family unit further.

This problem and others regarding the child support collection crises can be addressed through a third party agency such as Accounts Retrievable System. Chances are if you are looking to collect child support because a delinquent parent is failing to pay, you have already exhausted your local and state child support collection resources. Accounts Retrievable has the technology and techniques that are guaranteed to help us find the faulty parent and collect the child support owed to you.

When the system has failed you, a child support collection company is your solution. We are able to be dedicated to your case and give it the personal attention it requires. We will not close your case until we have collected what is owed to you.

Call Accounts Retrievable System For More Info at (800) 327-4687

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Judgment Enforcement In New York

By newAccts,

Judgment enforcement is not easy for most people. Especially when debtors move, are refusing, or are hiding from their financial responsibilities. One you are awarded a judgment, it becomes your responsibility to enforce it. The laws are complex and the process is time consuming so most people will use a debt recovery agency to enforce their judgments. Judgment enforcement in New York is a vital area of the Accounts Retrievable teams work. The advantage to you in relying on a judgment enforcement team is that it greatly maximizes your potential for recovering money.

How our judgment enforcement team will benefit you:

–  We will safe you time, money and frustration. All you need to do is submit your claim and all the facts of your case and Accounts Retrievable will do the rest

–  Accounts Retrievable will increase your chances of recovering your debt whether your debtor is located in New York, nationwide or internationally. We operate with professionalism and will quickly get your money to you

– Our services come at no out-of-pocket expense to you. We work on a contingency fee basis

Call Accounts Retrievable System For More Info at (800) 327-4687

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Post Judgment Collection Process

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The judgment collection process can be time consuming and frustrating. Also with limited resources and knowledge of the debt collection process, there is no guaranty that you will ever see any of your money. Because of this, your best chance of judgment enforcement and recovery is through a debt collection agency like Accounts Retrievable System.

The first steps of the collections process after you have won your case is to collect by garnishing wages, garnishing bank accounts, or seizing property or  assets. To pursue these methods, you not only need personal information about the defendant but you also need to figure out how to go about doing it. With Accounts Retrievable, we take care of the investigation process. We also are very experienced at the collections process and will be able to quickly and efficiently start collecting from your debtor.

A major problem that people and companies have when enforcing judgments and  collecting judgments, is finding their debtors and their money. Debtors tend to be very skillful at dodging their responsibilities and sometimes do not have permanent residences or jobs. Accounts Retrievable has highly skilled professionals who are well versed in skip tracing. They know how and where to look so that you are sure to recover your debts.

Call Accounts Retrievable System For More Info at (800) 327-4687

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New York Judgment Collections

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Accounts Retrievable Systems – Hiring A Collection Agency

At Accounts Retrievable we are dedicated to serving those in New York who have money or judgments owed to them. Our company receives claims from creditors all over the United States against debtors throughout the country.

 

A Judgment entered in your favor entitles you to certain remedies under the law, enabling us to collect the balance due. These remedies may include:

 

– Garnishment of debtor’s bank and brokerage accounts.

– Garnishment of wages.

– Levy and execution of personal property including automobiles, boats, equipment, etc.

– Levy and execution on real estate and business assets, in exceptional cases.

 

A judgment in a legal context, is synonymous with the formal decision made by a court following a lawsuit. At the same time the court may also make a range of court orders, such as imposing a sentence upon a guilty defendant in a criminal matter, or providing a remedy for the plaintiff in a civil matter.

 

In the United States, under the rules of civil procedure governing practice in federal courts and most state courts, the entry of judgment is the final order entered by the court in the case, leaving no further action to be taken by the court with respect to the issues contested by the parties to the lawsuit. With certain exceptions, only a final judgment is subject to appeal.

 

In some legal systems (particularly civil law jurisdictions), a judgment is not considered final until after appeals have been exhausted or waived.

 

Call Accounts Retrievable System For More Info at (800) 327-4687

 

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Need Help Collecting A Judgment?

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debt collections, accounts retrievable system, erase bad debt, reduce expenses, debt collection agency, debt collection services, judgement collections, collecting child support, collect alimony

Accounts Retrievable Systems – Collection Agency Will Collect

When placing an account with our collection agency you may fax or email your judgment to our office. We will always follow up with an acknowledgment of receipt and prove you with a “Placement Form” in which you need to sign. This form reflects the fact that the Judgment is not paid and you desire us to collect it for you. When a judgment is entered in your favor allows us to practice certain remedies under the law. These laws allow us to collect the balance due.  Remedies that we use to collect Judgments may include:

 

– Garnishment of the debtor’s bank and brokerage accounts.

– Garnishment of wages.

– Levy and execution of personal property including automobiles, boats, equipment, etc.

– Levy and execution on real estate and business assets, in exceptional cases.

 

Fees that we will charge for Judgment collection are as follows:

 

RATES: Contingent Upon Collection

 

33% of collections, net, after execution costs.  Such costs include, and may not be limited to, Sheriff Fees, Marshal Fees, Attorney Fees, and Court Costs. You should note that if the Judgment Debtor moves to another state, and you desire to domesticate your Judgment in the “new” state, you must advance the local Court Costs to domesticate your Judgment.

 

If you have had trouble will collecting a Judgment that was entered in your favor, let us help you. The professionals at our collecting agency have years of experience in collecting past due Judgments. They know which tactics are most effective in collecting Judgments in different situations.

 

Call Accounts Retrievable System For More Info at (800) 327-4687

 

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Services That Our Collection Agency Offers

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debt collections, accounts retrievable system, erase bad debt, reduce expenses, debt collection agency, debt collection services, judgement collections, collecting child support, collect alimony

Accounts Retrievable Systems – Debt Collection Services

In 1986, The Accounts Retrievable System, Inc. (ARS) established a national network of leading collection attorneys who excel in their field to handle all phases of the collection cycle.

 

FORWARDING SERVICE : We forward your account to attorneys in the debtor’s locale for either collection or suit.  We forward accounts to attorneys who are bonded and are chosen from the membership in the Commercial Law League of America and NARCA, the most distinguished associations of attorneys engaged in collection law.  Execution of our placement form constitutes authority to forward your claim to local counsel.  No legal action will be initiated by any attorney without your authorization.  If legal proceedings are recommended and approved, there are required costs, including advanced court costs and/or suit fees, to be paid.

 

Every claim entrusted to us, regardless of the amount placed, will receive the same high quality collection effort.

 

Upon receipt of the debtors’ file, the designated attorney researches it and provides to ARS an overview with a recommendation as to whether litigation is a viable option. Their recommendation is based upon several factors including the debt amount, location, operational status, the ability to serve the debtor and other relevant criteria.

 

In the case of Judgments, an initial demand letter is sent to the debtor requesting payment in full as to the Judgment principal, along with all post-judgment interest allowed by law.
We streamline access to critical information with-

 

User-friendly reports ― valuable updated information adapted to your needs. Immediate notification of resolutions. Personal service and ease of communication.

 

Our attorney network was created to negotiate payments, resolve disputes and settle cases quickly and professionally. Additionally, links to federal and state agencies and industry-only databases allow us to perform thorough searches AT NO COST TO YOU.

 

Although we work closely with these attorneys, the attorney represents you and remains under our direction at all times.  Any legal proceeding or any settlement comes only with your approval.

 

Forwarding Claims- Claims forwarded to attorneys are monitored closely by ARS’s experienced forwarding department.  ARS’s attorneys accept all claims from us only on a contingent basis.  Creditors will receive copies of attorney correspondence.

 

Skip Tracing- Our tenured skip tracers specialize in locating missing debtors. To assist them, they have access to ARS’s several “for-our-eyes-only”  databases loaded with information. Other resources utilized by our skip tracers include:
– Accurint®
– Acollaid™
– PACER
– Credit reporting bureaus
– Dun & Bradstreet
– Property records
– UCC-1 filings
– DMV records
– Tax records
– Civil & criminal filings
– Asset location
– Business entity search
– Deceased records
– Personal locator
– Global business finder
– Judgment & tax lien records
– SSN, DOD & DOB resources
– Bankruptcy records
– Near-bys & landlords

 

Call Accounts Retrievable System For More Info at (800) 327-4687

 

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FAQ’S About Judgment Collection In New York

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debt collections, accounts retrievable system, erase bad debt, reduce expenses, debt collection agency, debt collection services, judgement collections, collecting child support, collect alimony

Accounts Retrievable Systems – Collecting On A Judgement

What do I do if I have a Judgment in New York and the debtor moves to another state?

 

Send the Judgment to us so we can assess whether the Judgment should be brought (transcribed) to the new state of the debtor. In many cases it does pay to follow the debtor to the new state.

 

I have a Judgment that is three years old. Can I send it to your office to collect or is it too old?

 

Send it immediately. We are very successful with Judgments that are 2, 4, or 7 years old or longer.

 

Is my Judgment uncollectable if the debtor filed Bankruptcy?

 

In many cases, the answer is yes. But send us your Judgment and paperwork to us so we can check it out. We are online in real time with the US Bankruptcy Courts and can easily obtain the status of any bankruptcy filing.

 

At what point does a Judgment become “uncollectable”?

 

Rarely. Most Judgments are valid from 5 to 20 years. Even if we cannot collect on the Judgment after we have exhausted our current collection efforts, we may review the file a year or two later, to see if the debtor’s financial position has improved.

 

My separation Agreement called for spousal support payments, and my spouse stopped paying me. Can you collect the arrears that are due to me?

 

Yes, we specialize in spousal support and alimony collections.

 

Is there any additional cost to me if an account has to go to litigation?

 

Yes. Our attorney will never litigate an account without your consent. Once you authorize us to begin litigation, our attorney will commence the action against the delinquent debtor. Court disbursements are the fees charged by the process-server to serve the summons and complaint. A fee is also charged by the court to purchase a Court index number. Currently, the disbursement fees generally run between $250.00 and $600.00.

 

Call Accounts Retrievable System For More Info at (800) 327-4687

 

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