Judgments are court decisions rendered in civil cases. They often include monetary compensation for the winning party. Unfortunately, there are statutes of limitations on judgments. Case winners, otherwise referred to as judgment creditors, only have a certain amount of time to collect. That is certainly the way it is in Ohio. State laws allow renewing, or reviving, judgments. Ohio judgments can be revived under both normal and some special circumstances. The special circumstances deal with judgment creditors who need extra time to renew. Reviving Under Normal Circumstances The normal statute of limitations on judgments in Ohio is 5 year...
Published September 19, 2023
You have gone to the trouble of taking someone the court for payment of an outstanding debt. You won the case and now have a judgment in your favor. What next? You can go it alone trying to work out some sort of payment with the debtor. You can leave collection to your attorney. If you are in any of the 11 states in which we are active, you can hire Judgment Collectors. We are a collection agency that specializes in judgments. We do not handle any other kind of debt. Judgments are all we do. Does that mean you should hire us? That's up to you to decide. But while you're thinking about it, here are the top three benefits of letting us colle...
Published September 19, 2023
Obtaining a court judgment against a debtor may be necessary to compel that person to pay. But what if payment isn't forthcoming? What if you need to hire a collection agency to pursue the debtor? Worse yet, what happens if you get close to a judgment's expiration date and still haven't collected? State laws vary in terms of how long judgments are enforceable. On average, you are looking at 7 to 10 years. If necessary, most states allow for reviving a judgment just prior to it going dormant. Reviving unpaid judgments is both good and bad, depending on your perspective. Reviving Judgments: The Good Perhaps the biggest benefit of being...
Published September 15, 2023
As a Utah collection agency specializing in judgment collection, we have had our fair share of experiences tracking down and making contact with debtors who have failed to pay what they owe. If it were not for such debtors, we wouldn't be in business. That aside, there are probably more reasons for why debtors don't pay than we could discuss in a single blog post. There is also the fact that we don't know for sure, in any particular case, why a debtor doesn't pay up. It helps us to have a good idea of what that reason might be, but short of the debtor being honest and explaining their reasoning, we can never really know beyond a shadow of ...
Published September 12, 2023
Nothing pleases us more than being able to go to a client with full payment on an outstanding judgment. It is something we appreciate doing in each of the 11 states in which we do business, including Missouri. States recognize a judgment as satisfied when it is paid or otherwise settled to the satisfaction of both parties. Satisfaction Via Financial Payment What happens in Missouri when a judgment is paid? There are three things that come into play, all of which are part of Rule 74 of Missouri's Rules Of Civil Procedure: 1. Acknowledgment by the Creditor State law compels judgment creditors to immediately file an acknowledgment of satisfa...
Published September 5, 2023
Judgment collection agencies don't automatically accept every case they are offered. Indeed, collection agencies assess cases on an individual basis. Each case has its own merits to consider. For their part, the collection agency wants to make sure it's not getting into a situation in which a judgment is truly uncollectable. Collections can be expensive. Likewise, collection agencies tend to cover their own costs throughout. So even if profit is relegated to a secondary position, collection agencies need to determine their own financial risks before taking on a case. Common Considerations in Case Assessment Every judgment collection agen...
Published September 1, 2023