Turning Paper into Cash: Post-Judgment Collection MethodsDownload
Picture this: your company spends two years and thousands of dollars on legal fees to obtain a final money judgment against a defendant in a complex commercial litigation matter. Not surprisingly, the defendant does not want to immediately fork over the judgment amount to you. Now your attorney tells you that your company needs to spend additional funds to begin “post-judgment collection proceedings” to collect on the judgment. The thought of more litigation can be intimidating, but through awareness of the process, working with your attorney to focus the issues, and analyzing the possibility of a recovery, the process can be mastered and work in your favor to turn your paper judgment into cash.