Here at Accounts Retrievable System, we specialize in New York judgment enforcement and collection. We also are leaders in nationwide judgment enforcement and international judgment collection. Being a New York company, we are proud to serve New York residents with enforcing judgments and collecting judgments, Here we are listing some helpful laws and information about New York judgment enforcement.
When you obtain a judgment in New York state, it is enforceable for twenty years. But really, who would want to wait that long? The quicker and more aggressive you are right after obtaining the judgment, the better the chances you have at getting your money from a debtor. When Accounts Retrievable receives your claim, our team of professionals immediately begin the collections process. Under New York sate collections law, we are allowed some involuntary methods for retrieving money from your debtor. Wages and bank accounts can be garnished and in some cases, property and assets can be seized.
There are some exceptions of personal property that can’t be touched when enforcing a money judgement in New York. If a person lives in a residence that does not exceed ten thousand dollars in value such as a mobile home, a dwelling on a lot of land, or stock in a co-op apartment, the debtor may be exempt from having those assets seized. If this is the case, Accounts Retrievable will be able to navigate through the specifics of your claim in order to collect you judgment. We find that most people intend to pay, but need assistance in prioritizing and planning payments. Our representatives can quickly and professionally solve these issues in order to help you claim your debts.
Accounts Retrievable System, Inc. specializes in judgment enforcement and collection. Our team of professionals apply various collection methods to ensure that you collect your unpaid debts. Our services are based on a contingency fee arrangement, which is standard in the judgment enforcement and collection industry. This means that if for any reason our attempts are unsuccessful, you will not be charged! Accounts Retrievable System is fully compliant to all State and Federal Collection regulations. We pride ourselves on our compliance, confidentiality, and privacy requirements.
Accounts Retrievable Systems – Collection Agency Will Collect
Accounts Retrievable Systems solutions is based on our network of experienced collection attorneys and have successfully litigated tens of thousands of cases. We have years of experience and investigative abilities based on specialized training in judgment enforcement and collection. If you are part of the 85% in the United States who has won a judgment but has not been paid, ARS is your solution!
If you have been awarded but have not collected a judgment in New York, the United States, or internationally, do not give up hope. Many debtors are die-hard debt-evaders and we know the frustration of that. However a professional team with state of the art systems such as ARS is sure to break through for your judgment enforcement and collection needs.
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.
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.
