Lawyers call the process a debtor s exam or an order of examination. By then it may be too late and the courts could declare that you made a fraudulent transfer to get out of meeting your.
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When certain deadlines expired you obtained a final money judgment out of a court in texas.
How to get money from a judgement. 5 ways to collect on a judgment 1. Give them an address to send their payment as well as your contact. When you hold a judgment against an individual you can garnish his or her wages to collect your judgment.
Some of the most common and easiest include putting a judgment lien on any and all real estate owned by the debtor attaching wages and seizing bank accounts. Ask for your money all at once. The court can order the debtor to answer questions under oath about the type location and value of assets that you can seize to satisfy the judgment.
This simple solution often works. State law varies but all jurisdictions provide a wide range of collection procedures that a judgment creditor can use to collect from a judgment debtor. If you request all of your money up front as a lump sum payment consider giving the debtor a discount.
Almost every state allows wage garnishment a process that allows creditors to take up to 25 percent. Not all judgments are enforceable. A debtor who won t pay the judgment isn t going to tell you where the money is but you can take steps to find it.
Write to the debtor. Most important don t wait until there is a judgment against you. Many states limit the amount you can garnish from a debtor s wages to 25 percent of the debtor s paycheck.
After a jury trial or bench trial or motion for judgment the judge signed a judgment in your favor ordering adjudging or decreeing that you recover money from a party or parties to your case. Draft a letter to your ex tenant requesting the money. In your letter encourage the debtor to pay their debt.
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