Obtaining a judgment does not mean that you automatically get paid. If the business debtor does not voluntarily agree to pay once you have a judgment, steps have to be taken to collect on the judgment. We call this “post-judgment enforcement” and have many tools to collect money and property from the debtor.
Here are some post-judgment enforcement examples:
- If the debtor has a bank account, or accepts credit card payments from its customers, we can “freeze” the accounts.
- If the debtor has a job, we can make the debtor’s boss pay part of the debtor’s salary to you.
- If the debtor has land, a judgment filed with a County Clerk becomes a lien on the land. Having a lien means that the debtor can’t sell the property without paying you first.
- If the debtor has personal property, like a car, boat or jewelry, we can fill out a property execution and give it to an enforcement officer to use to take the debtor’s personal property.
- If someone owes the debtor money, we can use the same property execution process to make the person pay you instead of the Debtor.