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 Most judgments, and virtually all claims, go uncollected. Claims carry little weight as they have no force of law. While a judgment does have this, even those issued on behalf of agencies like the SEC or IRS are often ignored. It doesn’t take a seasoned scammer to know judgments can be avoided or evaded with relative ease.
This reality exists for four main reasons:
• a legal system that entirely favors the debtor
• a lack of attorneys who know how to properly obtain a judgment
• a lack of asset recovery specialists who know how to enforce a judgment
• a lack of money and/or will on the part of the creditor to see the process
through to collection.
The good news is that just because most people facing a judgment have already put their assets in some other name and/or location, this does not mean they cannot be forced to pay their debt. There are various methods by which G2 has recovered financial or hard assets. Although it can be time-consuming and expensive, the asset recovery and collection process is often – and always should be – covered in the judgment. This means that as the costs of pursuing the debtor’s assets mount up, the debtor faces an increasing bill even if the creditor is paying the initial costs. This can be made to work in favor of the creditor.
It is essential that judgment/claim enforcement specialists like G2 get involved in the judgment process before the final judgment is issued by the court. There are different types of judgments, and the language they contain is critical to the recovery process. If you are in a judgment situation, G2 can help. Even if all you have is a claim, some claims can be enforced and collected by gathering enough information on the debtor to make him realize the wisdom in settling.
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