Debunking Judgment Collection Myths: Separating Fact From Fiction

5 September 2023 by Jonathan Phillips

When it comes to judgment collection, misconceptions and myths abound. Separating fact from fiction is crucial for anyone seeking to collect on a court-awarded judgment. Read on to learn some common myths associated with judgment collection, empowering you with accurate information to navigate this important process.

Myth 1: Once You Have a Judgment, Payment Is Guaranteed

It's a common misconception that obtaining a court judgment guarantees you'll receive payment from the debtor. In reality, a judgment is only a legal order stating the debt is owed, not a guarantee of payment. Debtors may still refuse or struggle to pay, necessitating further collection efforts.

Myth 2: Collecting a Judgment Is a Quick Process

Many believe that judgment collection is a swift and straightforward procedure. However, it can be a time-consuming and complex process. It often involves locating the debtor, assessing their financial situation, and determining the most effective collection methods.

Myth 3: You Can Collect a Judgment Forever

There's a misconception that judgments are enforceable indefinitely. In truth, judgments typically have expiration dates, after which they may become unenforceable. These time limits vary by jurisdiction, so it's essential to know and adhere to the relevant statute of limitations.

Myth 4: Debtors Can Easily Avoid Paying Judgments by Hiding Assets

While some debtors may attempt to hide assets to avoid paying judgments, it's not as straightforward as it seems. Skilled judgment collection professionals can employ various techniques to locate hidden assets and enforce payment, making it challenging for debtors to evade their financial obligations.

Myth 5: Pursuing a Judgment Collection Is Too Expensive

Some people believe that pursuing a judgment collection is cost-prohibitive and not worth the effort. While there are associated costs, many judgment collection professionals work on a contingency basis, meaning they only get paid when they successfully collect on the judgment. This makes judgment collection an affordable and viable option for many creditors.

Debunking These Myths: The Reality of Judgment Collection

Collecting on a court-awarded judgment requires a clear understanding of the process and the patience to navigate potential obstacles. While myths persist, the truth is that judgment collection can be an effective means of recovering what you're owed. However, it's essential to approach the process with realistic expectations and, when necessary, seek the assistance of experienced judgment collection professionals.

Debunking judgment collection myths is the first step toward a successful recovery. Understanding the nuances of the process, the limitations of judgments, and the resources available to you can make a significant difference in your pursuit of what's rightfully yours. By separating fact from fiction, you can approach judgment collection with confidence and increase your chances of a favorable outcome. 

Contact a professional for more information about judgment collection. 

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