Judgements/Collection Agency Question

My daughter holds a legal judgement for $7K on some guy. Needless to say, he’s not a pillar of righteousness in the community. Are there collection agencies that specialize in attempting to collect money owed by deadbeats?

Aren’t all collection agencies specialists in collecting money from deadbeats?

Never mind, we know what you mean. Hmmm… pretty sure Tony Soprano is dead…

She could sell the debt to any collection agency but she’s not likely to get more than 25-33 percent of face value for it. Getting any low-life to pay up is a problem since they don’t have the levers more upright citz have - threatening his credit score is likely laughable and many such types change jobs frequently and/or are paid under the table, making garnishment attempts useless. Does the judgment have provision for seizing assets?

Short of using part of the proceeds to hire something between a bouncer and a member of the Soprano crew, selling it for whatever she can get is probably the best bet. She can probably get more if it’s on contingency instead of cash buyout.

Hate to be pessimistic, but good luck with collection agencies. Here in the Great State of Washington they are restricted by so many state regulations, all in favor of the deadbeats, that they are almost useless. I speak from experience - in the past ten years our company has turned over approx $25,000 to collection agencies, and have gotten back just a hair over 10 percent of this.

This state is so bad that, if you receive a bad check, the only recourse you have is to sue the deadbeat, with all the costs and time that requires. The State, and for that matter, the banks, could care less. This is also from experience, and is a distillation of a long discussion with our lawyer.

search Google for “wage garnishment”

According to a Small Claims Court judge from around here, what you need is patience. Sooner or later, the deadbeat will try to get a loan to buy a car, a house, or an engagement ring. The lender will run his credit rating, and the judgement will get him turned down until he pays up.

I agree in principle, but if Mr. DB is one of those who has decided to live his life under the economic radar - no bank accounts, no credit cards, no loans, no leases - then it could be many years before a credit screw affects him. I’ve known people who have cruised from a divorce in their early 30s to Social Security with effectively zero credit rating. (Of course, it’s a sucky life and impossible to move up the economic ladder short of a successful crime talent, but these clueless types just drink up every cash paycheck and whine about how they can never get a break.)

If the OP’s candidate is one of those, I’d just make sure the judgment stays current (should anything like re-filing or notices be required to do so) and be patient… but have no expectation of ever collecting.

My mom was able to apply a garnishment *very *quickly after evicting her last tenant and getting a small claims judgment. She contacted the employer, mailed (or faxed, not sure) the documentation, and they set it up within a couple of weeks. The hardest part is just finding out where he works.