Getting paid by a debtor is sometimes more difficult than establishing liability. Fortunately, our team has extensive experience getting payment from reluctant debtors. The first step is normally obtaining a judgment. If we can negotiate a stipulated judgment (or reach an otherwise enforceable agreement) or obtain a judgment over the debtor’s objections, the judgment allows us to pursue assets to satisfy our client’s debt.
Our commercial collections team of attorneys and paralegals have significant experience and strategies to enforce judgments. These strategies may include garnishments, pursuing fraudulent transfer claims (where the debtor has tried to hide assets), forcing the sale of a debtor’s personal property or real estate, asset searches to find property or accounts which may be out of the state or country, and forcing a debtor into an involuntary bankruptcy. If a debtor files bankruptcy in an effort to avoid paying, our team knows how to utilize state and federal law to protect our clients’ position.