How can I locate assets to exercise my judgment rights?
You can locate assets to exercise your judgment rights by using WritReady.com. We are experts in locating Financial Assets & Active Employment Information. Our team of experts has over 30 years specializing in the location of hard to find assets to satisfy Judgments in all 50 states. The investigations include active employer information for wage garnishment (check your State); bank account locates to instantly freeze all funds available & seize the funds to pay your judgment amount, safety deposit boxes, money markets, certificates of deposits, brokerage accounts, real property, motor vehicles, watercraft and aircrafts.
Will I need specific bank account numbers?
Direct bank account numbers are not always a good thing because they can be too specific and limit the scope of fund seizure. If the claimant has multiple accounts, real properties, or safety deposit boxes, a specific bank account number may hinder your attempts at receiving full compensation for your judgment.
What information do I need to file for a Writ of Execution?
You will need to fill out a few forms available from your local courts and you will need to locate the financial information of the person the judgment was made against. The best way to locate the financial information of the person the judgment was made against is to use Writ Ready. Debt collectors and collection agencies claim to help people reclaim debts after judgments have been made, however, the means they use to recover those debts are not as effective as a writ of execution.
What if the Bank Account found does not have enough funds to pay my judgment in full?
Once the levy has been served on the bank, the judgment debtors available funds will be immediately FROZEN, meaning those funds cannot be used to pay any open checks, electronic payments, trying to clear or funds being available to withdraw from the account holder. If your judgment amount due is $5000, and there is only $3500 in the account, then the $3500 will be swept and put toward the judgment creditor for partial payment. You, the judgment holder still has the other $1500 outstanding and available for future collection remedies. Your judgment amount only increases in value (i.e., interest, court fees etc), you will never lose the total amount owed by levying the bank for less than total judgment value due you. This process is quite effective to force the judgment debtor to communicate with you when you just swept their bank account funds that will probably not allow their rent, mortgage and/or car payments to be returned as non-sufficient funds.
Writ Ready locates banks accounts for judgment debtors in all 50 states – we specifically focus on the state where the judgment was awarded or enhance our search nationwide if desired. Once the bank accounts are located, you, the judgment creditor, must file a writ of execution (levy) in the state and county where the judgment was awarded, and then have the court properly serve the levy on the bank found. Timely service of this process is necessary to exercise your judgment rights.