What are the legal fees involved in the judgment recovery process?
The legal fees involved in the judgment recovery process vary depending on several factors. Generally, the fees are incurred for services like locating the debtor's assets, conducting due diligence, and enforcing the judgment. The fees can include filing and court costs, attorney fees, and expenses for hiring professional debt collectors or skip tracers. Some attorneys may charge upfront fees, while others work on a contingency basis, taking a percentage of the recovered amount. The specific amount will depend on the complexity of the case, the amount of the judgment, and the attorney's fee structure. It is crucial to discuss and negotiate the fees with the attorney or collection agency beforehand to ensure transparency and clarity regarding costs and potential outcomes.
Answered Nov 2, 2023
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