With over 40 years of experience in collecting debts nationwide and worldwide we can provide your firm litigation support and post judgment recovery platforms. We work with Law Firms throughout the US and worldwide and can provide references upon request. We know and understand the unique challenges that exist in the world of judgment recovery.
Your firm seeks to protect your client’s rights by way of the courts; you prevail and get a judgment. This is where we come in. There are a lot of “ifs” when it comes to collecting on judgment claims. There is no guarantee we can or will collect on any judgment, but we can provide a clear path to collecting and enforcing the judgments that are otherwise sitting idle.
Below is an outline of our Four Stage Platform. We provide both contingency fee and fixed arrangements with cost containment in mind.
Free, No Obligation, Preliminary Case Evaluation
Conducted by our nationwide network of correspondents and investigators, we review the case to determine if the company and, or debtor is still operating as a going concern and has the assets and income sufficient to satisfy the debt in whole or in part. We will confirm the current address and location of the debtor, telephone number, cell number and any information that will allow us to establish an expectation of a positive outcome. If we determine there is no plausible expectation of a positive outcome we will make our findings known.
From time to time voluntary cooperation from the debtor to pay and satisfy the judgment without any enforcement actions being taken can be accomplished.
Any money recovered in Stage II will be subject to a contingency fee of 25% to 33.3% on claims under $100,000.00. For claims over $100,000.00, fees are negotiable.
A fixed fee can be arranged and negotiated as well. These fees are based on a lump sum payment. Any recoveries made by way of an approved payment plan over time are subject to higher fees.
Stage II will usually last no more than thirty days (30). If a positive outcome is not achieved we will issue our recommendation. If it is feasible and warranted we will seek further assistance of the courts. With our findings and recommendations, your firm, in consultation with your client, can at their option proceed to Stage III. (Most clients skip Stage II.)
Comprehensive Case Evaluation
Critical to collecting any debt is to have actionable information. This comes by way of our Comprehensive Case Evaluation/CCE. The cost to conduct a CCE will be presented separately for your consideration and approval. As a guide expect the cost to be in the range of $250.00 to $500.00.
We conduct a comprehensive claim review and investigation from our central operations in Omaha, Nebraska. We work in collaboration with skilled and experienced correspondents and investigators nationwide and worldwide. The searches will look for real estate holdings, banking relationships, employment, personal property, financial status and overall credit worthiness.
We will also conduct field calls and site inspections. We are looking for the key elements of information that will be used to achieve a positive outcome. We present our findings along with a call to action and a contingency fee for your consideration.
Seeking Further Assistance of the Courts
No legal actions or post judgment remedies will be taken without the express consent and written authorization of the client.
With our findings in Stage I and II, it will be possible to proceed with vigorous and robust enforcement actions to seize, attach and sell property, garnish bank accounts, and garnish wages (if we can confirm place of employment.), file orders for a debtor examination and post judgment discovery.
The contingency fee for any recoveries in Stage IV is to be negotiated and determined in advance. In addition, the creditor and or client is responsible for and agrees to pay all costs required to carry out post judgment remedies along with a litigation administration fee. Court cost and litigation administration fees vary sate to state. These costs and fees will be itemized and presented to your office for approval.
Again, no legal actions or post judgment remedies will be taken without the express consent and written authorization of your offices or the client.
If you want us to conduct a free no obligation Case Evaluation (CE), send us a copy of the judgment and the last known address of the debtor. The CE will take from 7 to 10 days.
Collecting commercial debts is all about setting achievable goals and attaining quality outcomes with measurable results.Michael T. David