In-House Counsel and Beyond…CRM Provides the Full Spectrum of Collection Agency Services
CRM has fully-integrated legal services and in-house counsel. As such, if all other collection agency efforts fail, our legal staff will do an internal review of each of your collection accounts to determine if further legal action is warranted. If they feel it is, a Suit Authorization will be forwarded to you for your signature in respect of each such account that we recommend a non-small claims lawsuit be commenced. At that point, it remains your option whether or not to pursue legal action. If you are in agreement with our recommendation, upon return of your executed Suit Authorization, CRM’s in-house legal counsel will seamlessly coordinate with our network of attorneys to commence a lawsuit on your behalf. You will be kept apprised of the legal proceedings by both us and our attorney as they progress.
One of CRM’s collection specialties is judgment enforcement. By judgment enforcement, we mean our ability to assist you in collecting on a legal judgment that has been obtained but which the debtor-defendant has not paid. Many creditors find professional assistance with judgment enforcement is often needed due to the complexity of the process and varying State laws. CRM’s owner is an attorney and principal of a law firm that specializes in the recovery and collection of unpaid judgments. As such, CRM is uniquely situated and qualified to assist in a variety of options to collect on your judgment, such as:
This is a collection device wherein a levy is placed on a judgment-debtor’s bank accounts. Different State, as well as Federal, laws apply regarding what funds in a judgment-debtor’s bank accounts may be attached and restrained versus what funds are exempt. Our attorneys will pursue all that is permissible under the then-current applicable laws to collect on your judgment.
Another way to recover on a judgment is by using a device known as a wage garnishment. This is tantamount to a court order served on the judgment-debtor’s employer whereby the employer is required to deduct a certain percentage from each paycheck due the judgment-debtor and pay it over to the creditor in satisfaction of his/her/its outstanding judgment. State law determines the permissible percentage that may be deducted.
Once a judgment is obtained, a judgment lien may be placed by our attorneys against any real property owned by the judgment-debtor. Depending on the size of the judgment, and the ownership and value of the property that has been liened, a sale may be forced of such real property to pay off your judgment out of the proceeds of such sale. In addition, some States permit the seizure and sale of personal property as well.
As many State laws stand today, this process tends to be very costly. The vehicle must be owned free and clear by the judgment-debtor for this to even be a viable enforcement option.
When assets are not readily attachable yet an investigation has shown they do exist, our attorneys may recommend further post-judgment legal action against the judgment-debtor. If such action is warranted, we will review the process and associated fees with you. As this is considered additional legal action, your approval will be required before we proceed with any such further action.
There are times when collection efforts may be futile as there are simply no assets available to seize in satisfaction of a judgment. When such a circumstance exists, we will notify you of such. Please note that so long as the collection account remains with CRM, we continue to be vigilant and review your account in case the asset picture of the judgment-debtor changes, which it often does with the passage of time.
CRM – Not Your Typical Collection Agency!
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