Judgment Recovery: For Financial Service Companies
Financial Asset Recovery Attorney
CLIENT CATEGORY: Financial Service Companies and Special Assets Departments
Locating and recovering assets by court judgment is rarely easy. If the debtors were cooperative, the lender would not have filed suit.
Attorney Don Brigham has extensive experience recovering judgments for financial service companies. In addition, he possesses specialized knowledge and tools suitable for this post-judgment phase, including:
Locating judgment debtors and their assets and places of employment
Developing an enforcement plan
Creation of judgment liens on real and personal property
Enforcement by writ of execution and writ of possession
Bank and brokerage account garnishments
Setting aside fraudulent transfers
Debtor and third party examinations
Charging and assignment orders
Creditor’s rights in bankruptcy
Agreements for Satisfaction of the Judgment
All of this is backed by a strategic mindset and persistence that permits Don to find assets that can be converted to cash or other tangible assets, even when all other attempts have failed. With his approach, your special assets portfolio may hold more potential value than once thought.
The strategies used by a bank in the early delinquency stage, such as forbearance and restructuring, are quite different from those required after obtaining a court judgment.
With a court judgment the focus has shifted from protecting the customer relationship to recovering assets and monetizing the debt. Collecting stale accounts and aged special assets requires progressive tactics applied to the delinquent debtor or guarantor, each at the right time.