Can I recover a judgment from a business or individual?

Asked a year ago
Yes, it is possible to recover a judgment from both businesses and individuals. Once a judgment has been obtained through a court proceeding, you have the legal right to seek collection of the outstanding debt. The process typically involves locating the assets of the debtor and enforcing collection through methods such as wage garnishment, bank levies, or property liens. However, it should be noted that the success of recovery depends on several factors, including the financial solvency of the debtor and the availability of identifiable assets to satisfy the judgment. Additionally, certain legal procedures and requirements must be followed in order to execute the judgment effectively. It is advisable to consult with a professional or an attorney experienced in judgment recovery to navigate this process efficiently.
Christian Allen is the editor / author responsible for this content.
Answered May 3, 2024

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