Home Articles FAQ Site Map Partners
Assigning Your Judgment
A: Because when the judgment enforcer is not a lawyer or a collection agency, you must assign "all rights, title, and interest" in your judgment. It does not matter whether you sell your judgment outright for cash up-front, or on a standard future-payment contingency basis.
This is because when one is not a lawyer, they cannot represent you in court. Note that judgment assignments happen thousands of times a day, it is the way most judgments get enforced. Your financial rights are preserved by your purchase agreement.
Note that you are only losing control of your legal right to enforce/recover money on your judgment. You are not losing or releasing your financial interest in the judgment. As the judgment enforcer's purchase agreement shows, they have a fiduciary obligation to pay you your share of any money recovered from the judgment debtor.
When a collection agency or a contingency collection lawyer recovers your judgment, you retain ownership of your judgment - and do not have to assign it. However, most contingency lawyers and agencies will not take average judgments. (See our Assigning Judgments Article).
Go Back To The FAQ JudgmentBuy.com Home Page
|JudgmentBuy - Contact: Mark Shapiro at Mark@GoGuys.com Fax 719-396-7035|
© Copyright 2001-2017 Mark Shapiro. Entire site is protected by copyright laws. All rights reserved.