How can a judgment creditor collect money after winning a case?

A judgment creditor wins the financial award against the defaulter following the legal proceedings. If you’re dealing with debt collection, then take a smart step against the defaulter and get your money back.

When you win a civil case, the opposing party will not always pay the total amount of the judgment; the party might take the step back. So, being a judgment creditor, you need to take some additional steps. 

Here are some crucial steps.

• Plan your strategy- In many places; a court gives a deadline to the losing party for filing an appeal. If the debtor fails in this, then he/she is only left with the option of disclosing information about assets.
• Ask for your money- If the defaulter is not in the situation of making the whole payment then at this point you need to negotiate. Negotiating at this point can allow the defaulters to pay the money in small, manageable parts.
• File the satisfaction of judgment once you’re paid- Once you receive your funds, file a satisfaction of judgment notice with the court. The notice helps the court with the closing date of the case.

It is always recommended to hire an attorney who has dealt with many judgment creditors in the past and helped them get successful results. You can also seek their help if you want legal aid in your foreign judgment case.

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Created on Mar 12th 2019 05:56. Viewed 345 times.

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