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



[+] Legal Descriptions - Scott Perry/PA (8 replies)
6/20/2007 9:06:30 AM (3366 views)

[+] ABSTRACTORS A GO GO, LLC - john franz/NJ (2 replies)
6/18/2007 1:10:55 PM (3450 views)

[+] Anybody had a client ask you to do this? - DB/NC (11 replies)
6/15/2007 4:12:15 PM (3457 views)

[+] Theft of All Ohio State Employees' SSN - Pete Kisan/OH (1 reply)
6/15/2007 11:25:01 AM (3488 views)

[+] Lets talk Tech - Wendi See/SC (14 replies)
6/14/2007 11:10:30 AM (3498 views)




[-] Filing judgments against non-paying clients - Danielle Nelson/WI (8 replies)
6/13/2007 12:40:01 PM (3475 views)
Re: Filing judgments against non-paying clients - george Hubka/MI
6/13/2007 1:00:49 PM (5533 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/13/2007 1:44:22 PM (5512 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/13/2007 2:06:00 PM (5361 views)
Re: Filing judgments against non-paying clients - Danielle Nelson/WI
6/13/2007 5:30:50 PM (5411 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/14/2007 6:46:31 AM (5438 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 (5523 views)
Re: Filing judgments against non-paying clients - ELENA MAUSER/DE
6/25/2007 11:21:32 AM (5370 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/25/2007 2:53:11 PM (5641 views)

[+] See Your Place From Space - David Bloys/TX (7 replies)
6/12/2007 1:31:47 PM (4558 views)

[+] non-paying "Client" - Tempie Elder/TX (10 replies)
6/12/2007 1:28:43 PM (3819 views)

Roberts Blog - Wanda Steudel/OH
6/12/2007 1:24:49 PM (2963 views)

[+] Title Search USA - Don Sedy - Danielle Nelson/WI (10 replies)
6/11/2007 5:52:25 PM (5031 views)

[+] Jeffs Polygamists Move To Texas - David Bloys/TX (4 replies)
6/10/2007 5:56:33 PM (4596 views)

County Judge Declares County's Assessment System Unconstitutional - Scott Perry/PA
6/9/2007 1:38:55 PM (4473 views)

[+] First American Title Insur Co faxes - marilyn snyder/FL (9 replies)
6/8/2007 11:58:58 AM (3862 views)

[+] Source of Title ... a term of art? - Ron Meharg/GA (5 replies)
6/8/2007 8:26:29 AM (3645 views)

[+] How would you charge this... - J Nisonger/CA (4 replies)
6/7/2007 11:16:58 PM (3611 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:

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

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

Articles

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

Existing-Home Sales Increased 1.5% in September, According to NAR Report
“Despite the small monthly gain on a seasonally adjusted basis, August and September marked the two slowest months...
American Land Title Association Elects Craig Haskins as President
With more than 30 years of experience in the title insurance industry, Haskins brings a strong track record of industry ...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage applications decreased as rates moved higher last week. The 30-year fixed rate was 7.5 percent, the high...
MBA Releases "Affordability in Action" Policy Roadmap to Lower the Cost of Buying and Renting a Home
The roadmap focuses on targeted changes that can be implemented without legislative overhauls and are designed to lower ...
Title Expert Ron Yacobozzi Explains How Real Estate Closings Stay on Track in HelloNation
Ron Yacobozzi with 1st Nationwide Title Agency, Ltd., shares his perspective on how real estate closings can stay on sch...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.