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Never presume a timetable for getting money from a Judgment - most likely it will bring you money in the future. Having a Judgment Enforcer start enforcing the judgment vastly increases the chance of money coming your way.
The bank levy is a relatively simple way to Enforce a judgment. It's not as simple as it should be, and this leads some people to find a judgment enforcer to enforce their judgment.
A contract is no stronger than the weaker of the two sides signing. If someone burns you, and you sue them, you will be glad you can show their signature to a judge. But should you sue them?
California judgments may be enforced for ten years. A judgment may be renewed for another ten years, but only after it is five years old. Then it can be renewed indefinitely if consistently renewed.
Judgment enforcers must buy your judgment - and become the new owner. Judgment enforcers must be assigned (transfer ownership of) your judgment in its entirety. Such an assignment must be notarized and endorsed by the Court.
What happens after you domesticate a judgment? More than one thing happens: 1) It allows you to enforce a judgment against the debtor's assets with a levy. 2) It also costs you money and/or time. 3) The Judgment earns interest at the rate in the new State.
Most people know the usual reason (being very poor), but there are other reasons.
When the enforcer is close to the debtor, it vastly increases the likelihood of recovering money from your debtor.
You won your judgment and now it's time to be repaid. Judgment enforcement requires a lot of time and money. If settling is an option, consider settling for 50% of what is owed.
Everyone who wins a court judgment eventually has to smell the coffee. It's not easy to sell a Judgment for cash these days
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