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Learn how to collect on a judgment in New York.
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Judgment Collections in New York: Four Tips to Get Your Money Prevailing in a lawsuit often brings a great sense of relief. Unfortunately, it does not necessarily mean that your work is done. Collecting on a judgement can be as difficult as litigation itself. By some estimates, nearly 80 percent of judgements go uncollected. Parties simply give up, believing that they have no good options available. A judgment is an enforceable legal decision that states the various obligations of the parties following a trial. We want to make sure that you have the tools and information you need to collect the money you are owed. Here, our New York judgment collection attorneys highlight four tips to help put you in the best position to recover your money. 1. Get Organized and Build a Collection Strategy After prevailing in court, you need to be proactive. Carefully organize all relevant documents, records, and information so that you can build an effective collection strategy. Make sure you get started with the process right away. As explained by the New York State Unified Court System, the copy of a judgment with a notice of entry should be served on the other party. The sooner you take action, the easier it will be to collect. 2. Consider Options to Work With the Other Party Successfully collecting on a judgment is not always about taking the most aggressive approach possible. As a starting point, it is generally a best practice to consider your options to work with the other party. While certainly not an option in every case, you may be able to get them to acknowledge the debt and agree to start making payments to satisfy their obligations. You should always notify the debtor and ask for the money. If the other party is willing to work with you, it is best to try to facilitate payment. 3. Escalate the Matter: Use All Available Legal Tools Once it becomes clear that there is no path towards voluntary payments on a reasonable time-scale, it is imperative that you escalate the matter. There are many legal tools available to help collect on an outstanding judgment. An experienced New York judgment collection lawyer can help you assess every available option. Remember, the burden is on you to find the assets. The court is not going to do it for you. 4. Do Not Use Unlawful Collection Practices In New York, there are strict rules and regulations governing judgment enforcement and debt collection. If you use unlawful collection methods, you risk being held legally liable for the violation. Further, it will make it even more challenging to collect on a valid judgment. Avoid making false and misleading statements and/or harassing the other party. A top-rated New York judgment collection
attorney can help you utilize all enforcement tools available on the law. These tools are far more effective than self-help judgment collection. Call Our New York Judgement Collection Lawyers for Immediate Assistance At Warner & Scheuerman, our New York judgement collection attorneys are aggressive, relentless advocates for you and your money. With more than seven decades of combined judgment collection experience, we have helped clients recover tens of millions of dollars. To arrange a strictly confidential, no commitment initial consultation, please contact us right away. With an office in Manhattan, we represent clients in New York City and throughout the surrounding communities.
