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
It is extremely valuable for your business to identify the type of debtor you are working with. Once the customer’s reasons for not paying are identified, the debt can be resolved and you can get paid. Hiring a collection agency is the best way to quickly and efficiently get your money.
Here Are 4 Common Types of Debtors:
1. Willing and Able:
This is obviously the ideal situation. They have the resources to pay their unpaid debts and are willing to pay. This type of debtor usually finds themselves in debt because of some type of error, like lost paperwork. ARS will help get this customer to pay their debt quickly so that it does not hinder your business or their life.
2. Unwilling but Able:
This customer has the resources to pay their debt but for some reason refuses. This may happen if they have a dispute with the balance owed or are unhappy with the product or services. In this case, the Accounts Retrievable team will help negotiate and resolve disputes, leading to payment.
3. Willing but Unable:
This person wants to pay you, but for financial reasons cannot. They acknowledge their debt and even may have made some attempt to pay. For financial reasons, this willing debtor cannot pay the full amount of the debt. In this case, Accounts Retrievable will work out a payment plan, which is most helpful for you and the customer.
4. Unwilling and Unable:
This is obviously the most difficult customer to work with. They refuse to pay and they cannot afford to pay either. In this difficult case, ARS will attempt to resolve the dispute and work out a payment plan.
Accounts Retrievable has been serving the respected needs of clients in the collections industry for over 30 years. We pride ourselves in constantly striving to remain a leader in the industry. We collect claims from creditors from all over the United States against debtors throughout the country. We specialize in Judgment collection, Child Support and Spousal Maintenance along with other areas of debt recovery.
We accept accounts such as Judgments, Commercial and Consumer accounts, Unpaid Child Support, Spousal Maintenance, Landlord/tenant matters, personal loans, auto loans and student loans. The minimum debt we will collect on is $1,500.00. We collect on international accounts as well. Accounts Retrievable is your global resource for all international collections.
There are no uproot charges to pay when you work with us. All of our fees are contingent upon successful collect of your accounts. We do not require a contract when yo work with us. Placing an account with us is very simple. Whether you have one account or a large value it is simple. You can place a claim through our website, e-mail or by fax.
The placement process of claims is completely customizable, we work with you to find out what will be easiest for you. For clients that will require assistant in establishing an automated process, we can provide the technical expertise to help extract and transmit your data securely.
Determining when you should place your accounts for collections is different for everyone. There are no set rules or parameters on when you should place an account but a good guideline would be 90 to 150 days from the date of the invoice or last payment. The sooner you place an account with us the greater change of recovering the money owed to you.
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
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.
