Procedures to collect a judgment: There are several avenues that can be utilized to collect a money judgment. Garnishment of wages Garnishment of bank account Attachment of property Judgment Debtor Examination Assignment to third party collection agency When determining which path to take, careful consideration must be given to what information you have regarding the debtor’s assets, sources of income and ability to pay. Each process will have additional costs and there may be varying advantages and disadvantages worth considering when pursuing a particular collection means.
Posted on: Sun, 13 Apr 2014 15:00:02 +0000
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