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Did you know everyday thousands of money
judgments are filed in courts houses throughout the State of California? A money
judgment is no ordinary debt. It's a legal order to pay a specific dollar amount
handed down in a court of law.
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What most people don't realize is that winning the judgment is only half the battle. The
hard part is collecting the money. You see, even when a judgment is awarded,
it's still up to the plaintiff to recover his money.
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Here's why. Immediately after the judgment is awarded, 80% of the defendants either
go into seclusion or flat out
refuse to pay. It's then up to the winner of the lawsuit to locate the
defendant and his assets.
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The good news is that once the defendant's
assets are located, the court system can then be utilized to seize the assets and
pay the debt. Obviously, the key to success is knowing how to find the defendant
and his assets.