Have you been awarded a judgment from a Georgia court?
Are you still waiting to collect? It is estimated that 80%
of judgments are never collected!
Many judgment creditors do not realize that the courts will not enforce their judgment for them. They are left holding a worthless piece of paper unless they are able to locate their debtor and navigate their way through the post-judgment litigation process. By this time, many creditors are frustrated with the whole experience and simply do not want to spend any more of their time or money on the process.
Enter IJD. Judgments are like real estate in the sense that they are transferable. When a judgment creditor transfers their judgment to us, we have the same rights and are subject to the same equities as the original judgment holder. We are able to garnish bank accounts and wages, for example. We are experienced in skip-tracing debtors. We then utilize a combination of interviews, surveillance, and post-judgment discovery tactics to locate assets and seize them.
Face it. Your debtor is not going to knock on your door after three years have passed with cash in hand. They are gone and they think they have gotten away with it. Are you going to let them just walk away? Don’t you think it’s time to send someone after them to recover the money? Email: firstname.lastname@example.org
Judgments are purchased through an Assignment process. As such, these transactions do not form a legal representation of the original judgment creditor. Judgments are purchased pursuant to: O.C.G.A. § 9-12-21. Judgments transferable; status of transferee: “A person in whose favor a judgment has been entered or a person to whom a judgment has been transferred may bona fide and for a valuable consideration transfer any judgment to a third person. In all such cases the transferee of any judgment shall have the same rights and shall be subject to the same equities and to the same defenses as was the original holder of the judgment.
Frequently Asked Questions
How Much Is This Going to Cost Me?
Nothing. Ever. If your judgment is worth at least $10,000.00, and we decide to take your case, we typically offer to pay you 1% up-front, plus 50% of what we collect. We pay all expenses of skip-tracing and asset reports, charges for bank statements and other records that are produced by non-parties in response to subpoenas, mileage, postage and federal-express charges, and phone calls. We invest our time and our resources into collecting the judgment. If we don’t collect, we don’t get paid. If your judgment is worth less than $10,000.00, we may evaluate your case for an outright purchase.
What Do You Need From Me to Get Started?
We will need a copy of your file-stamped, executed judgment and any documents you have related to the debtor before we evaluate your case. If you are a landlord, we will want to see a copy of the rental application. If a debtor has made any payments to you after the judgment, we will need to see copies of the financial instrument(s) so we can properly calculate how post-judgment interest accrues. Email: email@example.com
How Long Will it Take You to Conduct a Case Evaluation and Decide If You Want to Work my Case, and What Exactly is Involved in Your Evaluation?
Typically a week. We will ensure that the debtor hasn’t filed for bankruptcy, and we will determine what real estate is owned in Georgia, and if there are any other liens filed. We will have sufficient evidence to believe that the debtor is still in Georgia and isn’t judgment-proof before we extend an offer.
If we decide to buy your case, we will send you a Contract and an Acknowledgment of Assignment of Judgment. The Contract is confidential, and will not be filed with the Court. The Acknowledgment of Assignment of Judgment must be signed in the presence of a notary, and will be filed with the Court. We will also need the original Writ of Fieri Facias (if one was issued to you). After we have received these documents from you, we will tender payment to you per our Contract, and begin our investigation and attempt to enforce the judgment.
How Long Will it Be Until I Get PAID?
We don’t know. Every case is different. A lot of times, it depends on the information you are able to provide to us. Solid information leads to quicker satisfaction. It takes longer to track someone from scratch. Remember, we don’t get paid unless we collect, so we are working as quickly as we can!
What is Your Success Rate?
We can’t answer this question. If we fail to collect, we think it is because the debtor does not have any assets (they are judgment-proof). We do our best to avoid this problem by carefully evaluating our cases before we even take them on. Also, some judgments will inevitably end by the debtor being discharged from the debt in a bankruptcy proceeding. If a debtor isn’t judgment-proof, then we consider it to be just a matter of time before we get the money.
Why Not Use a Collection Agency or Attorney?
A collection agency is like a vicious-looking dog without any teeth. The agency can make a lot of noise, but they have no power to seize assets. Lawyers charge for their services. Even if they take a case on contingency, they probably will still want you to cover their expenses.
How Long Are Georgia Judgments Valid?