How to Collect on a Judgment Against a Corporation
Corporations are known for hiring expensive legal teams to ensure victory in court. However, corporations often lose judgments against individuals who are on the right side of the law no matter the amount of lawyers they hire. Judges have learned to decipher a legitimate case from a fraudulent case and will apply their judgments as evenly as possible. After winning a judgment against a corporation, how do you collect? If the corporation does not immediately pay the judgment, they will more than likely ignore the deadline and continue to avoid payment/asset exchange. In these cases it is in your best interest to obtain a writ of execution and levy the corporation’s bank account. This is not as difficult as the court makes it seem because companies like Writ Ready are available to provide the necessary information the court requires to obtain a writ of execution.
How difficult is it to collect on a judgment against a corporation?
Not difficult if you use the right services at Writ Ready. The courts make the available forms and pathways available, but they will not hold your hand through obtaining a writ of execution after a judgment. The court leaves collection of your judgment in your hands because they do not have the resources to aid you after their judgment has been made. In order to collect on your judgment against a corporation, simply follow our instructions for obtaining a writ of execution in order to levy the corporation’s business bank account. This is the quickest, most efficient way to get the money/assets you are owed.
Can anyone collect on a judgment against a Corporation?
You can collect on your judgment against a Corporation by yourself! Most people are unaware because they get bombarded with debt collectors and collection agencies that offer to do the collection for a large portion of the judgment amount. This may seem like a quick solution to collecting on a judgment, but it is not efficient and you will often wait months, if not years, to collect on your judgment. By the time you finally collect, the cost involved will outweigh the gain of collecting on your judgment. Avoid debt collectors and collection agencies by collecting on your judgment against a corporation yourself. Use Writ Ready’s services to keep 100% of the judgment amount.
Does it cost more money to collect on a judgment against a corporation?
Not if you do it yourself. Collection agencies and debt collectors will charge higher fees and additional charges to collect against corporations. Doing it yourself will save you these fees and charges and will put 100% of the judgment into your pocket. Make sure to research your options after a judgment has been made in your favor. Using a writ of execution to collect the money/assets you are owed is not as difficult as it sounds.
Collecting a judgment against a corporation is no different than collecting against an individual. The search for bank information may differ, but the method to collect the money owed is no different than collecting against an individual. If you need to collect a judgment against a corporation, use the services at Writ Ready to get a writ of execution and levy the banking institution of the corporation.