Thursday, August 25, 2016

3 Tips to Preparing for Post-Judgment Collections

In the collections process, obtaining a judgment is just half the battle, and only as good as the ability to enforce it. Unfortunately in the State of Texas, debtors enjoy an extensive list of laws that protect them. Often times, even with the assistance of qualified attorneys, there is no guarantee of a payment collection, and furthermore, enforcing judgments can incur additional costs not covered through the judgment. In order to save you time and money, Houston Senior Attorney, Rhonda Allen recommends planning a collections strategy and preparing the following information prior to enlisting the help of an attorney:
  • Research key information: Save your attorney’s time in allowing them to focus on the more important matter of collecting the money you are owed. Gather as much information as you can on the debtor ahead of time and provide this to your attorney, including additional/other known names, bank account information, driver’s license number, any known address and social security number. 
  • Identify assets: Start with the easily accessible assets, such as real property, wages, bank accounts, money paid to a debtor’s business, etc. Going for any of the bigger ticket items, such as the sale of a debtors’ vehicle, house or personal property can be complicated, time consuming and expensive.
  • Set expectations: Even though a judgment was granted in your favor, the court, judges and constables will not always be ready and willing to assist in enforcing it as it tends to be a complicated process at times. If you are going to use constables for assistance, your attorney will be the best choice to get in contact with them and schedule them to visit your debtor.
Many attorneys shy from this area of the law because it requires an aggressive approach, but the lawyers of The Cromeens Law Firm know the appropriate balance of persistence and tenacity to get results in your favor.

With more than 10 years’ experience assisting clients with collection matters, Senior Attorney Rhonda Allen can help you develop a collections strategy unique to your individual situation. Contact us today for a free consultation.