Real Title Services
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[-] Filing judgments against non-paying clients - Danielle Nelson/WI (8 replies)
6/13/2007 12:40:01 PM (3415 views)
Re: Filing judgments against non-paying clients - george Hubka/MI
6/13/2007 1:00:49 PM (5290 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/13/2007 1:44:22 PM (5275 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/13/2007 2:06:00 PM (5110 views)
Re: Filing judgments against non-paying clients - Danielle Nelson/WI
6/13/2007 5:30:50 PM (5185 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/14/2007 6:46:31 AM (5211 views)
If you received 30% of your claim in the bankruptcy you did well. Most of the time unsecured creditors receive far less or nothing. Once the defendant files his bankruptcy petition there is not too much that creditors can due except file their proofs of claim with the court.

Most of the judgment debtors I have gone after were corporations or LLC's. Their most vulnerable assets are their bank accounts and their accounts receivable. In Connecticut we file a motion for examination of judgment debtor after we win the case in which we subpoena the defendant's representative and all of the defendant's financial records. In the case of a corporation that is usually the CEO or the CFO. If the debtor refuses to produce these records, the plaintiff can have him held in contempt of court. If the debtor fails to appear, the plaintiff can have a capias issued for the debtor's arrest and detention until the next scheduled examination of judgment debtor. He could have quite a long wait in the lock up until then.

Several years ago I served a defendant with a motion for examination at which he failed to appear. I had a capias issued for his arrest, and sent a marshal out after him. The debtor would not answer the door when the marshal arrived.  The marshal parked outside, and kept him prisoner in his house for several hours. When the debtor tried to escape through one of the side windows the marshal arrested him. The debtor's mother wound up paying his judgment to keep him out of jail...she also paid the marshal's fees for the cost of arresting her son.

In the case of corporations and LLC's we would first file a judgment lien on all of their personal property, including bank accounts and their accounts receivable. We would next attempt to discover the location of the bank and identities of their client's owing them money. We then would try to garnish a bank account. It is the fastest way of satisfying the judgment. If there are not sufficient funds in their bank account, we would have the court issue an execution for the seizure of the defendant's receivables still in the hands of his clients. This is extremely effective because the defendant does not want to lose these clients, and he generally will make arrangements to pay the judgment.

to post a reply: login - or - register


Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/14/2007 6:57:36 AM (5298 views)
Re: Filing judgments against non-paying clients - ELENA MAUSER/DE
6/25/2007 11:21:32 AM (5115 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/25/2007 2:53:11 PM (5428 views)

[+] See Your Place From Space - David Bloys/TX (7 replies)
6/12/2007 1:31:47 PM (4483 views)

[+] non-paying "Client" - Tempie Elder/TX (10 replies)
6/12/2007 1:28:43 PM (3759 views)

Roberts Blog - Wanda Steudel/OH
6/12/2007 1:24:49 PM (2901 views)

[+] Title Search USA - Don Sedy - Danielle Nelson/WI (10 replies)
6/11/2007 5:52:25 PM (4970 views)




[+] Jeffs Polygamists Move To Texas - David Bloys/TX (4 replies)
6/10/2007 5:56:33 PM (4527 views)

County Judge Declares County's Assessment System Unconstitutional - Scott Perry/PA
6/9/2007 1:38:55 PM (4402 views)

[+] First American Title Insur Co faxes - marilyn snyder/FL (9 replies)
6/8/2007 11:58:58 AM (3816 views)

[+] Source of Title ... a term of art? - Ron Meharg/GA (5 replies)
6/8/2007 8:26:29 AM (3596 views)

[+] How would you charge this... - J Nisonger/CA (4 replies)
6/7/2007 11:16:58 PM (3562 views)

[+] Title Software? Need Advice - Mohammad Ali/FL (1 reply)
6/5/2007 4:32:57 PM (3458 views)

[+] LENDER SERVICES DIRECT INC. - ECENTENO/NV (27 replies)
6/5/2007 12:29:05 PM (5144 views)

[+] paying as they close loan - ks/IN (10 replies)
6/4/2007 1:17:01 PM (3629 views)

[+] Ricter Abstract will not pay - Dan Zook/NY (14 replies)
6/1/2007 3:09:41 PM (3897 views)

99 Fastest Growing Counties By Percent Increase - David Bloys/TX
6/1/2007 8:57:07 AM (4259 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8977 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

New Customer
Marilyn Knobel's Blog
2026/08/25
0 comments

Practical Obscurity, Revisited
Blurbs from the Bossman
2026/08/06
0 comments

Beneath Every Closing Lies a Story
Michael Stelzer's Blog
2026/07/18
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates and applications changed little last week, with just a slight increase in refinances for conventio...
Housing Affordability Worsens on Higher Mortgage Rates
“Housing affordability weakened for both new and existing homes in the second quarter, driven by several factors,&...
NAR Pending Home Sales Report Shows 2.3% Decrease in July
“The highest mortgage rates of the year hit right in the middle of summer, and that’s pulling back contract ...
NAR Launches Commercial Real Estate Demand Index
“Commercial real estate demand begins with what's happening in the local economy,” said Nadia Evangelou, Pri...
Housing Starts Retreat on Market Headwinds
“Builders continue to face significant challenges from elevated construction costs and affordability pressures,...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.