How to Levy the Bank of My Judgment Debtor
Executing a Writ of Execution on a banking institution(s) is the most efficient way to levy the bank of your judgement debtor. Don’t let a judgement debtor get away with owing money. If the courts have already made a judgement, go after your money with the services at Writ Ready. Do not try and levy someone’s bank without the court on your side because you will be wasting your time. Collection agencies and debt collectors rarely attempt to levy a bank because it takes expertise that their agents and staff do not possess. This is why it is advantageous to learn how to levy a bank of your judgement debtor yourself, saving yourself the bulk of the money collected.
How do I levy the Bank of My Judgment Debtor?
You can levy the bank of your judgement debtor by issuing a writ of execution to the banking institution(s) of the judgement debtor. Any money in the account(s) will go directly to meeting the debt legally owed. A bank will leave the judgement debtor with a zero balance if they do not have enough funds to cover the debt in the writ, which means that you will have to apply the writ again at a later date to fulfill the necessary amount owed. Most judgement debtors will contact the person holding their debt and develop a payment plan after their account has been left with a zero balance. Some nefarious characters will close their account and open a new one at an alternate bank. This is why we suggest levying the bank of your judgement debtor when you know there is a good chance of getting a significant, if not all, amount of the debt paid.
Does it cost me money to levy the Bank of My Judgment Debtor?
It does not cost any money to levy the bank of your judgement debtor. However, there is necessary information required to file for a writ of execution and locating this information without a paid third party service is extremely difficult, if not impossible. This is where collection agencies and debt collectors make the bulk of their money because they have the experience and knowledge to pursue debts. They market heavily, but they also take the lion’s share(up to 50%!) of the debt when they finally reclaim it. Clients of collection agencies and debt collectors often feel it was not worth the effort because the time and money used takes away the gain of any debt recovered. Avoid using these services and keep the lion’s share of the debt yourself by using Writ Ready. We charge a one time fee, no matter the amount of debt owed.
Is it legal to levy the Bank of My Judgment Debtor?
Absolutely. It is legal to levy the bank(s) of your judgement debtor to reclaim the debt owed. The courts in America are partial to financial loss and financial penalties, but when it comes to enforcing their financial judgments, the courts do not have the necessary manpower to handle the job. This leaves almost 80% of all judgments going uncollected. Just because a judge orders a person or business to pay does not mean that they will pay willingly. Get the job done quickly, efficiently, and without any hassles by using the services at Writ Ready. Our team of investigators have years of experience and know how to legally levy the bank(s) of your judgement debtor(s).
After getting a judgement from the courts, use Writ Ready to file a writ of execution to levy the bank(s) of your judgement debtor. Don’t waste time with debt collectors or collection agencies because they will take the bulk of the debt for themselves. Levying a bank account is easier than you think with Writ Ready by your side.