Are You Waiting for Payment on a Judgment? Part 2
An unfortunate truth about going to court to receive payment for services rendered is that winning a judgement doesn’t mean that you automatically collect on the judgement. It just means that you have a right to it. If additional action is not taken, you could be left waiting for money. This happens often and leaves the plaintiff, a person who has a right to get paid, frustrated and looking for answers.
Fortunately, there are legal options out there. Our Orlando construction lawyers can help you with any of the options listed in this two part series on collecting on judgements. For more options, visit part 1 of this series.
Your Options for Collecting on a Judgement
In a perfect world, you wouldn’t need these options. However, there are times when you have to take additional steps to protect your interest.
Send a Letter to the Debtor
It sounds simple, but it may be worth sending a formal letter to the debtor stating that, per your court order, a debt is required to be paid. This letter can offer an incentive for prompt payment such as a lower payment amount, if paid by set deadline. The letter should also inform them of consequences for non-payment.
File a Lien
A lien can be placed on the debtor’s property to ensure that, if sold, the proceeds are used to pay your debt. As with other options for collection such as garnishments, the property has to be located, ownership has to be determined, and a court order must be place in order for the lien to be enforced. Liens can be placed on a debtor’s home, cars, and business assets, such as equipment and buildings, among other items.
To request a consultation with an Orlando construction lawyer, call us today at 407.378.6575 or submit our contact request form.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.