Page 105 - Judgment Enforce Course

Judgment Enforcement – The Step-by-Step Course

But when I did this, I made a mistake. This was before I was screening every judgment.
So, there were Pearson Ford cases I worked on that were not doable.
Wasted my time. Grrrr. What I should have done is take the 80 or so
judgments, screened them all, and then said, “I want these 10
judgments” (the best ones). I made good money, anyway, but I could
have made more.

AND, you can search for these business judgments on your database or right at your
Courthouse. The computer there will often let you search by Plaintiff ‘s Name: Search by a
particular name, or “Café” or “Plumber” or “Construction” etc. You’ll get them all, and
now you know which cases to ask the clerk to see.

Method 3 (Advanced): Finding Judgments Owned by Businesses in Bankruptcy

I can’t take credit for coming up with this idea. Someone who got this course thought it
up, and it’s terrific. Here’s how it may work.

✓ A business in your area files bankruptcy.
✓ You go on the database PACER, which has all federal cases, including
bankruptcy, and check to see what “assets” the business claims – including
judgments the business OWNS.
✓ Screen these judgment. Look for the better debtor.
✓ Find the better debtors.

✓ Contact the trustee of the bankruptcy case. (Yes, they will talk to you.)
✓ Say you want to buy the judgment you’ve found (where there is a “better
debtor.”) Let’s say it’s a 12K judgment. So, you offer $200. The trustee is
almost required to accept your offer. That money will then go into the
“bankruptcy estate” of the company, to pay creditors.
✓ You enforce the judgment against this “better debtor.”
✓ You go home happy.
✓ Cool, no?

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