First, you send JudgmentBuy a copy of your judgment and information about your debtor. (Only your debtor’s assets can potentially pay your judgment.) Then, just wait for us (we are fast, the world is slow) to email you, telling you we found a judgment recovery or purchase solution for you.
JudgmentBuy either finds you a solution usually the same day. You are not obligated but it is smart to go with our expert recommended solution matched to your judgment situation.
When your judgment looks good (your judgment debtor has much more available assets than is required to satisfy the judgment) JudgmentBuy finds you a buyer or enforcer very quickly.
JudgmentBuy has tested thousands of Judgment Enforcers (JEs) which are either recovery experts, judgment buyers, contingency collection lawyers, or contingency collection agencies. (And refers you only to the very best of them.)
JudgmentBuy finds the JE best suited to buy or enforce your judgment (recover your money) from the debtor. (The JE has already signed our separate agreement with them.) We find the right JE as quick as we can – sometimes the same day. Then we step out of the picture.
If you choose to start your judgment enforcement with the JE we recommend, and wish to proceed, you then sign and return their (Agreement and Assignment) documents. Then the JE files the Assignment papers with the court to make them the legal owner of the judgment. (If we refer you to a contingency collections lawyer, you almost always retain ownership of your judgment.)
Unless the JE is a lawyer or a collection agency, they must own your judgment before they can recover money on the judgment. As discussed elsewhere on the JudgmentBuy FAQ, this is safe, and done thousands of times a week. In the case of an attorney or a collection agency, you retain ownership of your judgment and they work on your behalf.
Note that (this is true across the entire judgment enforcement business) the JE is not obligated to keep your judgment. Most of the time this is not an issue – but occasionally, a judgment enforcer will return a judgment soon after you assign it to them. The reason is that when a JE first sees and inspects your judgment, they do not own it.
When JudgmentBuy introduces you to a JE that is right for your debtor, the JE still does not own the judgment.
If one does not own a judgment, one cannot dig deep into a debtor’s situation. Only after you assign your judgment to the JE – does the JE own the legal right to collect your judgment.
Sometimes when JEs dig deep, they find a hopelessly broke debtor. Most JEs have no interest in buying more file cabinets to store files of judgment-related paperwork for hopelessly broke debtors. (But if you ask the JE to simply check your debtor every year, and promise to not bug the JE – some JEs will keep such “hopeless” judgments, and check them once in a while. They want to get paid even more than you do.)
Usually this is not a problem – you assign your judgment to the JE, and the recovery process begins. Once a JE agrees to enforce your judgment, we refer you to them. Then JudgmentBuy steps out of the picture.
You can choose to sign agreements and Assignments with the qualified judgment enforcer we recommended. Then, the (often slow) recovery process begins. The rest of our FAQ explains how things usually work.
The judgment enforcer wants to be paid even more than you do, so they will enforce your judgment as fast as the reality of the judgment debtor’s situation allows.