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Writ of execution on a company itself and/or intellutual property/investments,etc..

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quincy

Senior Member
Did the company use its IP as collateral on the loan?

Is the IP federally registered?

The best way for you to handle this is to get an attorney in your area to handle it for you.
 


Most non public corporate dissolutions do not involve receivership or bankruptcy. They are done by company management following the applicable state statute on winding up corporations.
I see no evidence that a receiver was appointed or that I.P technology was sold. This was a private company.
 

quincy

Senior Member
Did the company use its IP as collateral on your loan? Do you have a security interest in the IP?

Is the IP federally registered?

Following is a link to a 49-page paper by David J. Cook, Post-Judgment Remedies in Reaching Patents, Copyrights and Trademarks in the Enforcement of a Money Judgment, 9 Nw. J Tech. & Intell. Prop. 128 (2010). It explains in a fairly easy-to-understand way what you need to do if you want to use the company’s IP to satisfy your judgment:
https://scholarlycommons.law.northwestern.edu/cgi/viewcontent.cgi?article=1122&context=njtip

You can read through this tonight and line up an appointment with an attorney tomorrow. If the company has not yet been dissolved, you need to act fast before it is or you stand the chance of never being able to collect on your $1million judgment.

The bottom line is that you have a money judgment. IP can be valuable but it is not money. To satisfy the debt, the IP must be sold or the debtor must assign his rights to you. If the debtor does not voluntarily assign rights to you, you need to head back to court.

Again, see an attorney in Florida.

Good luck.
 
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