Go to your local courthouse and ask for a garnishment order. If you hold a judgment against a company you may be able to get the sheriff to seize the money in the company s cash register.
In your letter encourage the debtor to pay their debt.
How to get your money from a judgement. Tips for how to collect on a judgment. The rest of the procedure varies by state but typically you do the following. If you request all of your money up front as a lump sum payment consider giving the debtor a discount.
Protecting your bank account is a key element of an overall plan of action to shield your assets from seizure if a judgment is entered against you in a lawsuit. The judgment creditor can then use that court judgment to try to collect money from you. Perfect your lien rights as soon as possible.
Most important don t wait until there is a judgment against you. Like many people you likely maintain a share of your money in a bank account. State laws determine how much money and what types of property a judgment creditor can collect from you.
The employer then withholds money from your ex tenant s paycheck until the debt is paid to you. The most effective way to protect a bank account from judgment following a lawsuit is setting up and placing your account into a trust. 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.
Common methods include wage garnishment property attachments and property liens. Give them an address to send their payment as well as your contact. Businesses may also have machinery equipment or other assets that are available to seize.
This goes to your ex tenant s employer. 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. If the judge in small claims court rules in your favor or if a default judgment is issued because the defendant fails to appear or defend the case the court will issue a judgment for a specific amount of money.
By then it may be too late and the courts could declare that you made a fraudulent transfer to get out of meeting your. For your safety and to avoid further litigation only law enforcement or other authorized persons should seize property. Write to the debtor.
Find the debtor s assets. Ask for your money. This amount will include court costs as well as the amount the court has stipulated you be paid.
Most states give a losing party the right to appeal so your judgment won t be official until the deadline for filing an appeal. Ask for your money all at once.