FAQs

All Your Questions. Answered.

Frequently Asked Questions

It will cost you nothing. Zero! We advance all costs. We work with attorneys at no cost to you. We spend the money and the time. If we don’t collect, it still costs you nothing.

Judgment Domestication is the legal proceeding to move a judgment from the state where it originated to the state where the debtor lives or has a business. After this process the judgment can be enforced as a ‘foreign judgment’ or ‘sister-state-judgment’ entered in the local state.

Despite the Judgement being a court order, unfortunately, it is not against the law to owe money. There is no debtor’s prison anymore. As a practical matter, if your debtor were in jail, it would be difficult to collect your judgment. You want the debtor working and making money, so that he/she is developing assets that can be executed upon.

Yes. We are a licensed debt collection agency; however, we handle our judgment clients differently than our debt collection clients. Collection agencies process debt in bulk. They typically send out demand letters and call debtors to try to get them to pay.

The law permits us to act far more aggressively with our judgment clients. It starts with an assignment on your judgment to Recovery Of Judgment. That way, we have the authority to pull credit reports and conduct thorough asset investigation. Your case will be treated individually and expertly by processors who are highly trained and motivated to find your money, because if we do not find your money, we make nothing. We stand behind our work and will lay out all costs of investigation, travel expenses, legal fees and any additional court fees.

No. While Recovery Of Judgment hires attorneys to represent their interests in the judgment in court, these attorneys are working for Recovery Of Judgment and not for our clients. That being said, the success of our attorneys in court typically benefits our clients.

Recovery Of Judgments interests in the judgment debtor.s assets are perfected aligned with the interests of its clients. Meaning, Recovery Of Judgment only makes money when they successfully seize assets from the judgment debtor. Our attorneys assist us in seizing those assets. At the same time, through seizing those assets, Recovery Of Judgment.s clients benefit by seeing their judgments satisfied.

In short, Recovery Of Judgment is not providing you with any legal services. When you employ Recovery of Judgment you are not hiring a lawyer. However, Recovery Of Judgment hires lawyers to work for them and their success benefits everybody.

In New York, judgments are valid for 20 years. In addition, judgment creditors may extend the period beyond twenty years if they make the proper application in Court before the 20 years lapse. Other states may vary from 7 to 25 years. Judgments collect interest. In New York it’s 9% per year. Other states vary, usually between 5% and 10%.