Collecting my judgement

[kamanski]

What is the name of your state? MN
I've just recieved a judgement against local business owners for money I paid down for services that were never rendered. The business has since closed. They own at least one, possibly two luxury homes, a popular nightclub and the premises where the now out of business shop was located, now leased to a new tennant conducting the same business under a new name. (still has some of the previous employees) I'm not the first to recieve a judgement against them and numerous court cases are pending as well as a criminal investigation.
The amount involved 3750. is not enough to justify the expense of involving an attourney, I'd like to handle it myself. Whats my next move? Id like to collect before there's too long a line of folks at this guys door or he goes to jai. So far he's been very slippery at avoiding service of summons.What is the name of your state?

[Debt Guy]

If your judgment is against the owners as individuals, you may conduct an asset hearing. You will probably need to file a motion with the court to do so. The court clerk may be able to show you an example of such a motion.

An asset hearing is an opportunity for you to ask the judgment debtor all sorts of questions about bank accounts and other assets. Depending on what you find, you might be able to levy a bank account, garnish wages, attach assets, perhaps even seize assets.

If your judgment is against the business, you should probably talk to an attorney. It takes some expertise to determine if you can pierce the entity to get to the principals.

Just my opinion. Someone else may have other ideas.

[kamanski]

The judgement is against the husband/wife co-owners, not the business.

[Debt Guy]

I understand that you don't want to spend money on an attorney. But, I think it would be worth the cost to make sure you do this right.

[kamanski]

anyone in Mn know how o go about discovering the assets and starting he garnishment process? I really feel that the amount is too small to split with a lawyer.

[Debt Guy]

I don't know specifics of MN.

If you are not willing to hire an attorney, perhaps you turn this over to a local collection agency to handle for you. They will take a percentage of the collection.

Or, try to talk to the court clerk. Ask if they have any guidelines of local procedures for garnishment and asset seizure. Check the website for the court.

Or, find a local law school and go the library. Start reading.

[debtcollector`]

Originally Posted by kamanski

anyone in Mn know how o go about discovering the assets and starting he garnishment process? I really feel that the amount is too small to split with a lawyer.

Yes. I know all about it.

I'll buy your judgement if it meets my criteria for 5 cents on the dollar cash or 50% paid on collection.

Or I'll teach you how to do it for a fee.

DC

[kamanski]

If you think 5 cents on the dollar is a good rate,,I'd like to make you an offer on your house.

[megabux]

Originally Posted by kamanski

If you think 5 cents on the dollar is a good rate,,I'd like to make you an offer on your house.

5 to 15 cents is the going rate and 50% of something is worth a whole lot more than 100% of nothing.

I would strongly suggest you Google the National Judgment Network and locate a MN Judgment Enforcer, IF you don't want to take DC up on his offer.