Usually, no. Once a judgment is obtained in or domesticated from another state or country the judgment creditor must then engage in efforts to force the judgment debtor to satisfy the judgment. A judgment is itself only a piece of paper, and the court will not on its own force a judgment-debtor to pay any money to a judgment-creditor. This is a little-known fact about judgments, it is only a piece of paper that states one party owes another party money.
Upon obtaining a judgment, Chaplin & Gonet’s collection specialists employ aggressive, yet professional, collection techniques to earn our clients a return on the costs invested for a suit. If voluntary payment is not forthcoming, we perform comprehensive asset searches and map out options for involuntary collection. The law places some powerful tools at our disposal to pursue debtors once a judgment has been obtained.
The most common remedies and enforcement procedures include: (1) placing liens on real property owned by the debtor; (2) levying upon income the debtor may currently have (for individual debtors, this comes in the form of earnings withholding order, commonly known as a wage garnishment, and for business debtors, this entails attaching the company’s accounts’ receivables, using keepers in the business and a whole host of other creative methods); (3) levying bank accounts.
If you or your business faces debt collection needs anywhere in the Mid-Atlantic contact our office today. Learn why Chaplin & Gonet is the premier debt collection law firm.