What options do I have if the judgment cannot be recovered?

Asked a year ago
If the judgment cannot be recovered, you still have some options available. Firstly, you can explore the possibility of negotiating with the debtor to reach a settlement or installments plan. This can be done directly or with the assistance of a professional mediator. Another option is to assign or sell the judgment to a collection agency or third-party purchaser. This allows you to receive an immediate lump sum, although it may be lower than the actual judgment amount. Additionally, you may consider filing a lien against the debtor's property or garnishing their wages if permitted by law. It is also advisable to consult with a legal professional to assess any other legal remedies that may be available depending on your specific circumstances.
Christian Allen is the editor / author responsible for this content.
Answered May 3, 2024

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